The SEC solicited comments on FINRA's proposal to extend the implementation date of FINRA Rule 4240 to July 18, 2017. The proposal was published in the Federal Register.
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.
The proposal is effective immediately. Comments on the proposal must be submitted by July 26, 2016.
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