Regulatory Notice 12-44

SEC Approves Amendments to FINRA Rule 4210 (Margin Requirements)
Effective Dates: October 26, 2012, and January 23, 2013

Executive Summary

The SEC approved amendments to FINRA Rule 4210 (Margin Requirements) related to option spread strategies, maintenance margin requirements for non-margin eligible equity securities, free-riding, “exempt accounts” and stress testing in portfolio margin accounts. The amendments related to option spread strategies become effective on October 26, 2012. All other amendments to FINRA Rule 4210 described in this Notice will become effective on January 23, 2013.

 

The amended rule text is available at www.finra.org/notices/12-44.

 

Questions concerning this Notice should be directed to:

  • Rudolph Verra, Managing Director, Risk Oversight and Operational Regulation, at (646) 315-8811;
  • Glen Garofalo, Director, Credit Regulation, at (646) 315-8464;
  • Steve Yannolo, Project Manager, Credit Regulation, at (646) 315-8621; or
  • Kathryn Moore, Assistant General Counsel, Office of General Counsel, at (202) 974-2974.