United States:
Effective Date Set For SEC And CFTC Joint Final Rule To Reduce Margin Requirements For Security Futures
26 November 2020
Cadwalader, Wickersham & Taft LLP
To print this article, all you need is to be registered or login on Mondaq.com.
A joint final rule from the SEC and CFTC to reduce margin
requirements for security futures was published in the Federal Register. The rule
amendments - which go into effect on December 24, 2020 - harmonize
the requirements regardless of whether such products are held in a
futures account or in a securities portfolio margin account.
See related coverage for more information on the
background of the adopted changes and specific rules that are
impacted.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Finance and Banking from United States
Kirschner: The Final Act?
Mayer Brown
On August 24, 2023, the US Court of Appeals for the Second Circuit issued its decision in the Kirschner v. JPMorgan litigation saga, rejecting the plaintiff's...
Private Credit And Traditional Banks Forge A New Path
Dechert
As direct lending becomes a more popular financing option for middle-market and large U.S. companies, banks are increasingly seeking new ways to leverage their existing customer networks to participate in the direct lending market.