FINRA proposed extending the implementation date for certain amendments to FINRA Rule 4210 ("Margin Requirements") relating to "Covered Agency Transactions." The implementation date is proposed to be extended from March 25, 2019, to March 25, 2020. In the filing, FINRA said it is considering further amendments to the requirements for "to be announced" or "TBA" transactions and other forward-settling agency securities transactions.
FINRA noted that amendments related to the risk limit determination requirements (see previous coverage) that became effective on December 25, 2016 will not be impacted by the proposed rule change. The current filing seeks immediate effectiveness of the rule proposal upon its publication by the SEC.