Effective Date Set for SEC and CFTC Joint Final Rule to Reduce Margin Requirements for Security Futures

A joint final rule from the SEC and CFTC to reduce margin requirements for security futures was published in the Federal Register. The rule amendments - which go into effect on December 24, 2020 - harmonize the requirements regardless of whether such products are held in a futures account or in a securities portfolio margin account.

See related coverage for more information on the background of the adopted changes and specific rules that are impacted.