FINRA Proposes to Further Extend Implementation of Rule 4240 Involving Margin Requirements for Credit Default Swaps

FINRA filed a proposed rule change with the SEC to extend the implementation date of FINRA Rule 4240 ("Margin Requirements for Credit Default Swaps") until July 18, 2016.

According to FINRA, Rule 4240 "implements an interim pilot program with respect to margin requirements for certain transactions in credit default swaps that are security-based swaps."

See: Text of Proposed Rule Change.Related news: FINRA Proposes Amendment to Extend FINRA Rule 4240 (June 23, 2014); FINRA Proposes Rule to Extend Implementation of Rule 4240 (Fed. Reg.) (July 9, 2014).