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The SEC granted a proposal by FINRA to extend the effective date of amendments to Rule 4210 that establish margin requirements for "to-be-announced" or "TBA" transactions and other forward-settling agency...
within Intellectual Property, International Law, Government and Public Sector topic(s)
with readers working within the Technology industries
The SEC granted a proposal by FINRA to extend the
effective date of amendments to
Rule 4210 that establish margin requirements for
"to-be-announced" or "TBA" transactions and
other forward-settling agency securities transactions
(collectively, "Covered Agency Transactions"). In
accordance with the request, the margin requirements will go into
effect on March 25, 2019 rather than June 25, 2018. The amendments
to Rule 4210 relating to risk limits for Covered Agency
Transactions that went into effect in December 2016 will remain
effective.
As
previously covered, this is not the first delay of the
amendments. FINRA has indicated that it will use the extension to
consult with industry participants and other regulators regarding
the potential impact of the amendments on smaller- and medium-sized
firms.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
