FINRA Announces Publication of Updated Interpretations of FINRA’s Margin Rule With Guide to the Updates

Summary 

FINRA is updating the set of interpretations of the margin rule. The new, updated set of interpretations is available on the FINRA website and is effective upon publication of this Notice. To assist members, FINRA is simultaneously making available a guide to the updated interpretations that includes a text comparison with the previous interpretations and other information about the updates.   

The updated interpretations are available at Interpretations of Rule 4210.   

Questions concerning this Notice should be directed to:

• James Barry, Director, Credit Regulation, Office of Financial and Operational Risk Policy (OFORP), at (646) 315-8347 or by email; or
• Joseph David, Principal Specialist, Credit Regulation, OFORP, at (646) 315-8444 or by email.

Background & Discussion

FINRA is updating the longstanding set of interpretations under FINRA Rule 4210 (Margin Requirements).¹ The new, updated set of interpretations is available at Interpretations of Rule 4210 and is effective upon publication of this Notice. The previous set of interpretations, with the publication date October 27, 2021, is being retired and will be maintained on the FINRA website for reference.

To assist members, FINRA is simultaneously making available a guide to the updated interpretations. The guide includes a text comparison with the October 27, 2021, version of the interpretations and further information about the updates. Additional reference material related to margin regulation, including the links mentioned above, is available at the Margin Regulation webpage.