FINRA provided guidance on whether the dates that securities markets unexpectedly close for business should be considered as either a regular business day or non-business day for purposes of broker-dealer financial, operational and reporting rules.
The SEC published an order to determine whether to approve a proposal by FINRA that would establish margin requirements for "To-Be-Announced" transactions and other forward-settling transactions in agency securities on such transactions.
FINRA's revised proposal to amend FINRA Rule 4210 ("Margin Requirements") was published in the Federal Register. The amendments would establish margin requirements for (i) to-be-announced transactions ("TBAs"), (ii) Specified Pool Transactions and (iii) transactions in Collateralized Mortgage...
FINRA filed a proposed rule change to amend FINRA Rule 4210 to establish margin requirements for "To-Be-Announced" transactions ("TBAs") and other forward-settling transactions in agency securities. The proposal follows on recommendations for margining in these transactions made by the New York Federal Reserve Bank's Treasury Market Practice Group ("TMPG").