FINRA extended the effective date of the margin requirements for Covered Agency Transactions, including "to-be-announced" ("TBA") transactions and other forward-settling agency securities transactions. The effective date was extended from March 25, 2019 to March 25, 2020.
FINRA reminded members that the "risk limit determination requirements became effective on December 15, 2016 and are not affected by this Notice."
Commentary / Steven Lofchie
During the delay period, we expect that FINRA will also reconsider the substantive requirements of the rule.
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