FINRA is proposing to extend, to May 22, 2024, the implementation date of the amendments to FINRA Rule 4210 (Margin Requirements) set to go into effect October 25, 2023.
TLDRS:
- FINRA is proposing to extend, to May 22, 2024, the implementation date of the amendments to FINRA Rule 4210 (Margin Requirements) set to go into effect October 25, 2023.
- OPEN for comment!!!
Source: https://public-inspection.federalregister.gov/2023-19948.pdf
Purpose is to establish margin requirements for the transaction types above.
FINRA is not happy about this and wants to punt the implementation date
The SEC approved this back in July and gave the October effective date
They want to kick the can on the Margin Requirements until 5/22/24
How to comment:
- Use the Commission’s Internet comment form (Use the Commission’s Internet comment form (http://www.sec.gov/rules/sro.shtml))
- Send an e-mail to [email protected]. Please include File Number SR-FINRA-2023-011 on the subject line.
- Send comments only via 1 method
- Do not include personal identifiable information in submissions; you should submit only information that you wish to make available publicly.
- Comments due within 21 days of 9/15/2023
