Regulatory Notice 10-08

Filing Requirements for Members that Carry Customer Margin Accounts; New Customer Margin Balance Form

Effective Date of Rule Requirements: February 8, 2010

Availability of New Form: March 1, 2010

Executive Summary

Beginning March 1, 2010, members subject to new FINRA Rule 4521(d) must file FINRA's new Customer Margin Balance Form (covering the February 2010 reporting period).

 

FINRA Rule 4521(d) governs filing requirements for customer margin accounts and became effective on February 8, 2010. The rule, adopted as part of the new consolidated financial responsibility rules, replaces Incorporated NYSE Rules 421(2) and 421.40 and applies to all FINRA members that carry customer margin accounts.

 

The text of FINRA Rule 4521(d) is in Attachment A.

 

Questions concerning this Notice should be directed to:

 

  • Glen Garofalo, Director, Credit Regulation, at (646) 315-8464;
  • Debra German, Senior Credit Coordinator, Credit Regulation, at (646) 315-8467; or
  • Theresa Reynolds, Credit Regulation Coordinator, Credit Regulation, at (646) 315-8567.