FINRA Requests Comment on Rule 4210 – Follows BDA Member Recommendations.

Today, following extensive work with the BDA and its members, FINRA announced that they seek to comment on proposed amendments to Rule 4210 (Margin Requirements) that would clarify and incorporate into the rule current interpretations regarding when issued and other extended settlement transactions, and provide relief to facilitate the application of the rule to these transactions.

The BDA will host a call in the coming weeks to work on draft comments with membership. Comments are due May 14, 2021

The notice can be viewed here.

All BDA advocacy on Rule 4210 can be viewed here.

On extended settlement trades, FINRA intends to adopt these provisions:

On when-issued transactions, FINRA intends to adopt these provisions:

Bond Dealers of America

March 15, 2021



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