Regulatory Alerts2020-11-24 | 2020-24353Added
Customer Margin Rules Relating to Security Futures
The Commodity Futures Trading Commission and the Securities and Exchange Commission jointly adopted rule amendments to lower the initial and maintenance margin requirements for unhedged security futures positions from 20% to 15% of their current market value. The agencies also implemented conforming revisions to the Strategy-Based Offset Table to align margin rules with those for comparable exchange-traded options. These final rules, effective December 24, 2020, aim to reduce regulatory disparities between security futures held in futures accounts and those held in securities accounts subject to portfolio margining.
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