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FINRA Extends CDS Margin Pilot Program

FINRA proposed a rule change to extend the credit default swap ("CDS") margin pilot program in FINRA Rule 4240 to July 18, 2019. The program, which is set to expire on July 18, 2018, concerns margin requirements for certain transactions in credit default swaps that are security-based swaps. FINRA requested an extension to consider (i) the "continuing development of the CDS business and ongoing regulatory developments" and (ii) additional amendments to the pilot program.

Primary Sources

  1. FINRA: Proposed Rule Change to Extend Implementation of FINRA Rule 4240 (Margin Requirements for Credit Default Swaps)

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Tags

Regulated Activities
Margining
Regulated Entities
Broker-Dealers Swap Dealers / SBSDs
Regulated Products
Swaps / SBS
Sub-Product
Credit Default Swaps
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
FINRA / MSRB / SEC Exchanges / SIPC / Accountants
Sub-Author
FINRA