FINRA Issues 2015 Holiday Trade Date, Settlement Date and Margin Extensions Schedule

FINRA issued an information notice outlining its 2015 Holiday trade date, settlement date and margin extensions schedule.

FINRA's schedule is intended to, among other things, reduce the number of requests for extensions of time for the Federal Reserve Board Regulation T and Exchange Act Rule 15c3-3 that may be denied around the holidays because of incorrect due dates that are often specified when such requests are made.

In the information notice, FINRA explains that requests for extensions of time under Regulation T and Exchange Act Rule 15c3-3 that are made for "regular way" transactions effected on the business days prior to and after a holiday when the exchanges are closed will be subject to a modified schedule.

See: Information Notice.