FINRA Seeks Further Extension of CDS Margin Pilot Program

As previously covered, FINRA proposed a rule change to extend the credit default swap margin pilot program in FINRA Rule 4240 to July 18, 2019. The rule change was filed for immediate effectiveness.

FINRA proposed an extension of the implementation period for a FINRA rule establishing an interim pilot program concerning margin requirements for certain transactions in security-based credit default swaps.

FINRA proposed extending the implementation of FINRA Rule 4240's interim pilot program with respect to margin requirements for certain transactions in credit default swaps that are security-based swaps.