August 15, 2022

Comment Deadline Set for FINRA Proposal to Delay Implementation of TBA/CAT Margin Rules

Comments on a FINRA proposal to further delay the implementation of margin requirements for covered agency transactions ("CATs") are due by September 6, 2022. The Notice was published in the Federal Register.

As previously covered, the proposal relates to the implementation of amendments to FINRA Rule 4210 ("Margin Requirements") to impose requirements on CATs, including "To Be Announced" ("TBA") trading. Amendments to rules adopted in FINRA rulemaking SR-FINRA-2015-036 were initially approved in June 2016, but have yet to be implemented.

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