FINRA Proposes to Extend Implementation Margin Requirements for Credit Default Swaps Rule (Fed. Reg.)

FINRA's proposal to extend the implementation of FINRA Rule 4240 ("Margin Requirements for Credit Default Swaps") was published in the Federal Register.

The rule change extends the implementation of Rule 4240 until July 18, 2016. 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, but comments may be submitted until June 25, 2015.

See: 80 FR 31931. Related news: FINRA Proposes to Further Extend Implementation of Rule 4240 Involving Margin Requirements for Credit Default Swaps (May 20, 2015); FINRA Proposes Rule to Extend Implementation of Rule 4240 (Fed. Reg.) (July 9, 2014); FINRA Proposes Amendment to Extend FINRA Rule 4240 (June 23, 2014).