RAYMOND JAMES FINANCIAL INC (RJF) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that RAYMOND JAMES FINANCIAL INC surfaced in its latest filing.

• The SEC withdrew proposed rulemaking on disclosure for sustainable and values-based investment strategies.
• Proposed rules as of July 27, 2023 would eliminate the AOCI opt-out election, potentially negatively impacting regulatory capital ratios upon category IV classification.July 27, 2023
• A credit rating downgrade to below investment grade would breach provisions in certain derivative instruments.
• A downgrade below investment grade may result in a request for immediate payment and/or ongoing overnight collateralization on derivative instruments in liability positions.
• A credit rating downgrade would cause a higher facility fee on the $1 billion unsecured revolving credit facility agreement.
• RJF has a $1 billion unsecured revolving credit facility agreement.
• We have been subject to several unfair hiring practice claims.
• We participate in the Protocol for Broker Recruiting.
• Reciprocal deposit balances exceeding $5 billion meet the FDIC definition of 'brokered deposits', subject to additional regulatory scrutiny.
• If average total consolidated assets equal or exceed $100 billion for four consecutive quarters, RJF becomes a category IV bank holding company.
• If average total assets of insured depository institutions exceed $50 billion over four quarters, they become subject to resolution planning requirements.