FINRA proposed extending the implementation date for
certain amendments to FINRA Rule 4210 ("Margin
Requirements") relating to "Covered Agency
Transactions." The implementation date is proposed to be
extended from March 25, 2019, to March 25, 2020. In the filing,
FINRA said it is considering further amendments to the requirements
for "to be announced" or "TBA" transactions and
other forward-settling agency securities transactions.
FINRA noted that amendments related to the risk limit
determination requirements (see previous coverage) that became effective on
December 25, 2016 will not be impacted by the proposed rule change.
The current filing seeks immediate effectiveness of the rule
proposal upon its publication by the SEC.
