United States:
Federal Register: SEC Requests Comments On Extension Of Program On Margin Requirements For Credit Default Swaps
14 July 2016
Cadwalader, Wickersham & Taft LLP
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The SEC solicited comments on FINRA's proposal to extend the
implementation date of FINRA Rule 4240 to July 18, 2017. The
proposal was published in the Federal Register.
FINRA Rule 4240 implements an interim pilot program with respect
to margin requirements for certain transactions in credit default
swaps that are security-based swaps.
The proposal is effective immediately. Comments on the proposal
must be submitted by July 26, 2016.
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.
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