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CFTC RIN: 3038-AE88 Publication ID: Fall 2020 
Title: Customer Margin Rules Relating to Security Futures 
Abstract:

The Commodity Futures Trading Commission and the Securities and Exchange Commission have proposed amendments to regulations that establish minimum customer margin requirements for security futures.  More specifically, the proposed amendments would lower the margin requirement for an unhedged security futures position from 20% to 15%, as well as propose certain revisions to the margin offset table consistent with the proposed reduction in margin.

 
Agency: Commodity Futures Trading Commission(CFTC)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 17 CFR 41   
Legal Authority: Pub. L. 106-554, secs. 206, 251, and 252    7 U.S.C. 1a    7 U.S.C. 2    7 U.S.C. 6f and 6j    7 U.S.C. 7a–2    7 U.S.C. 12a    15 U.S.C. 78g(c)(2)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  07/26/2019  84 FR 36434   
NPRM Comment Period End  08/26/2019 
Final Rule  11/00/2020 
Final Rule Effective  12/00/2020 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Sarah E. Josephson
Deputy Director, International and Domestic Clearing Initiatives, Division of Clearing and Risk
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5684
Email: sjosephson@cftc.gov