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The SEC Approves FINRA’s Amendment No. 1 to Rule 4210's Covered Agency Transaction Margin Rules

January 21, 2022

The Securities and Exchange Commission (SEC) has approved FINRA's Amendment No. 1 to Rule 4210's covered agency transaction margin requirements. 

After thorough review of the proposed rule change, the SEC found that Amendment No. 1 is consistent with the requirements of the Exchange Act which "requires, among other things, that FINRA rules be designated to prevent fraudulent and manipulative acts and practices, to promote just and equitable practices of trade, to facilitate transactions in securities, to remove impediments to and perfect the mechanism of a free and open market and, in general, to protect investors and the public interest."

The SEC's official order granting approval of this proposed rule change can be found here.

The proposed implementation timeframe for firms to comply with the Rule is 9 to 10 months from the approval date. This means the clock is ticking to get your plan in place for FINRA Rule 4210 compliance. At Matrix Applications, we can help you prepare with MarginCalculator. 

About MarginCalculator 

 

MarginCalculator is a web-based margin workflow platform designed to solve the problem of margining forward-settling trades like TBAs, specified pools, ARMs and CMOs. With it, you’ll be able to compute your margin, control your risk, and comply with Rule 4210.

MarginCalculator’s workspace identifies counterparty exposure and outstanding margin. It also allows you to email margin notices with a single click.

You can customize your counterparties based on your MSFTA agreements and automatically upload your trades. Securities are priced through our partners at ICE Data Services and are created automatically using eMBS.

MarginCalculator even provides easy access to over 25 reports in PDF or Excel format.

Learn More

Want to learn more about the tool that lets you compute, control and comply to FINRA Rule 4210? Schedule a Demo! 

Contact us on our website or sales@matrixapps.com.

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