SEC Approves Proposed FINRA TBA Margin Requirements (Fed. Reg.)
The SEC requested comments on Amendment No. 3 and approved the proposed FINRA rule change, as modified by Amendment Nos. 1, 2 and 3, to adopt margin requirements for "to-be-announced" ("TBA") transactions and other forward-settling agency securities transactions on an accelerated basis. The request for comments was published in the Federal Register.
Comments on the modified proposed rule change must be submitted by July 12, 2016.
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