Regulatory Notice 11-16

Treatment of Non-Margin Eligible Equity Securities

Effective Date: July 1, 2011

This Notice clarifies customer maintenance margin requirements and the application of maintenance loan value for equity securities that do not meet the definition of a margin equity security under Regulation T.1 Firms have until July 1, 2011, to comply with these requirements.

Questions concerning this Notice should be directed to:

  • Rudolph R. Verra, Managing Director, Risk Oversight and Operational Regulation, at (646) 315-8811;
  • Glen Garofalo, Director, Credit Regulation, at (646) 315-8464; or
  • Steve Yannolo, Project Manager, Credit Regulation, at (646) 315-8621