FINRA established new margin requirements for exchange-traded notes ("ETNs") and options on ETNs.
According to FINRA, additional margin requirements are necessary due to the "complex nature of these products." The new requirements are as follows.
If the new rules result in "undue hardships" for a firm or its customers, firms must submit written requests for relief no later than July 26, 2019. The firm must include an explanation of the circumstances leading to the request for additional time in which to comply with the new measures.
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