FINRA adopted amendments to provide margin relief for specified index option positions, referred to as "protected options."
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In an address before the Council of Institutional Investors, SEC Commissioner Mark T. Uyeda underscored the importance of adhering to statutory limits in the exercise of administrative power and enforcement, and called for a regulatory framework that provides clear, predictable guidelines for market participants.
An investment adviser settled charges with the SEC for failing to timely disclose the adviser's "control" purpose, with respect to an issuer whose shares it had acquired for the account of a hedge fund that it managed.
The Options Clearing Corporation proposed amendments to formalize the procedures under which it would adjust the parameters for calculating margin requirements during periods of high market volatility.
The SEC extended to March 15, 2024 the period for consideration on FINRA-proposed amendments to margin requirements for certain short options.