SEC Solicits Comments on Amendment to FINRA TBA Margin Proposal (Fed. Reg.)

The SEC requested comment on Amendment No. 2 to a FINRA rule proposal to adopt margin requirements for "to-be-announced" transactions and other forward-settling agency securities transactions (collectively, "TBAs"). The request for comment was published in the Federal Register.

The notice designates a longer period for the SEC to determine whether to approve or disapprove the rule proposal to amend FINRA Rule 4210 to establish margin requirements for the TBA market. The SEC now has until June 16, 2016 to make such a determination.

Comments must be submitted by May 2, 2016.