Regulatory Alerts2025-01-22 | 2024-31177Regulations To Address Margin Adequacy and To Account for the Treatment of Separate Accounts by Futures Commission Merchants
The Commodity Futures Trading Commission issued a final rule amending regulations to require futures commission merchants to prevent customer withdrawals that would leave account balances insufficient to meet initial margin requirements. The rule also permits FCMs to treat separate accounts of a single customer as accounts of separate entities for regulatory purposes, subject to specific internal controls and risk-mitigating conditions. These changes codify previous no-action guidance and apply to clearing and non-clearing FCMs with compliance deadlines in 2025 and 2026.
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