An SEC and CFTC joint proposal to (i) lower the minimum customer margin requirement for security futures and (ii) revise the margin offset table consistent with the proposed reduction was published in the Federal Register.

As previously covered, if adopted, the rule amendments would lower the margin requirement for an unhedged security futures position from 20% to 15%.

Comments on the proposed amendments are due by August 26, 2019.

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.