Regulatory Notice 08-60
FINRA Announces Temporary Margin Maintenance, Net Capital and Reserve Formula Requirements Related to Money Market Mutual Funds; Effective Date: October 21, 2008
The purpose of this Notice is to advise FINRA firms that pursuant to NASD Rule 2520(f)(8)(A), NYSE Rule 431(f)(8)(A) and SEA Rules 15c3-1 and 15c3-3, FINRA is announcing temporary margin maintenance, net capital and reserve formula requirements related to certain money market mutual funds that have frozen customer redemptions or whose net asset value has declined below $1.00 per share, effective October 21, 2008.
Questions concerning margin as described in this Notice should be directed to:
Questions concerning net capital and reserve formula as described in this Notice should be directed to:
|View Full Notice||PDF 57 KB|