Comment Deadline Set for Delayed Implementation of FINRA’s Amendments to Margin Requirements

The SEC set a comment deadline of March 30, 2022, regarding its approval of a FINRA request to delay implementation of amendments to Rule 4210 ("Margin Requirements") for Covered Agency Transactions (as modified by Amendment No. 1).

As previously covered, the FINRA amendments will revise requirements that were approved, but not yet implemented under SR-FINRA-2015-036 ("Proposed Rule Change to Amend FINRA Rule 4210 to Establish Margin Requirements for the TBA Market").

The SEC waived the usual 30-day operative delay requirement, making FINRA's proposed rule change delaying implementation operative upon filing.

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