Rulemaking Items for Discussion at the July 2014 Meeting
Rulemaking Items for Discussion at the July 2014 Meeting
The FINRA Board of Governors will consider the following rulemaking item at its July 2014 meeting. After the July 10 meeting, FINRA will notify firms via email about the Board’s actions on this item and anticipated next steps, if any.
NMS Plan Regarding Minimum Quoting and Trading Increments
The Board will consider a proposal to authorize FINRA to join an NMS Plan regarding minimum quoting and trading increments (“tick sizes“).
TBA Market: Proposed Amendments to FINRA Rule 4210 (Margin Requirements)
The Board will consider amendments to FINRA Rule 4210 (Margin Requirements) to establish margin requirements for To Be Announced (TBA) transactions (inclusive of ARM transactions), Specified Pool Transactions and transactions in Collateralized Mortgage Obligations, with forward settlement dates (referred to broadly as the TBA market). The proposal is a modified version of the proposed amendments discussed in Regulatory Notice 14-02 that makes changes in response to comments and is designed, among other things, to create reasonable exceptions tailored to smaller customers and others who do not present higher credit risk. The core principles of the original proposal remain unchanged.