The FINRA has published its regulatory notice 23-14 to inform about the rule change to FINRA Rule 4210 relating to the application of margin requirements for „covered agency transactions“ which refer to „TBA transactions“, „ARM transactions“, „Specified Pool Transactions“ and „transactions in CMOs“. The amendments, which were approved by the SEC on July 27, 2023, will remove the additional maintenance margin requirement of 2% for non-exempt accounts, even out the mark-to-market requirement, and add additional flexibility in meeting these requirements. For detailed information please refer to eventID#22542.
Furthermore, the FINRA has now announced that the rule change will become effective on May 22, 2024.
Other Features
broker
compliance
counterparty
Derivatives
investment firms
margin
restrictions
trading
Date Published: 2023-08-18
Date Taking Effect: 2024-05-24
Regulatory Framework: FINRA Rules
Regulatory Type: regulation
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