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ARTICLE · 15 JUNE 2020

FINRA Seeks Further Extension Of CDS Margin Pilot Program

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FINRA filed a proposal extending the implementation period for the credit default swap margin pilot program under FINRA Rule 4240 until September 1, 2021.

United StatesFinance and Banking
Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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FINRA filed a proposal extending the implementation period for the credit default swap margin pilot program under FINRA Rule 4240 until September 1, 2021.

FINRA Rule 4240 implements an interim pilot program - in place since 2009 - concerning margin requirements for transactions in credit default swaps that are security-based swaps. Absent this extension, the pilot program was set to expire on July 20, 2020.

The proposed rule change was filed with the SEC for immediate effectiveness.

Originally published June 03, 2020.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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