Hurricane Sandy: Guidance on Credit Regulation

FINRA will be accepting Regulation T and SEA 15c3-3 extensions on a case-by-case basis for reason codes 016 and 051 "Act of God" for customers located in regions affected by the hurricane. These extensions will only be granted for customers that are unable to file or cannot make payment, directly as a result of Hurricane Sandy. For member firms unable to transmit extensions today due to the hurricane, FINRA will accept late filings on the next available business day. Late filings should contain the standard reason codes. Please contact the Credit Regulation Department at prior to transmission. Please note that DTCC is open and FINRA systems are currently running and available, therefore all member firms unaffected by Hurricane Sandy should proceed with business as usual.