On June 15, the Financial Industry Regulatory Authority filed with the Securities and Exchange Commission a proposed amendment to FINRA Rule 4240 (Margin Requirements for Credit Default Swaps). FINRA Rule 4240 implements a pilot program that imposes margin requirements for certain credit default swaps that are also security-based swaps. The proposed amendment would allow for the extension of this pilot program until July 18, 2017. The comment period will be open for 21 days following the publication of the proposed rule amendment in the Federal Register.

The proposed rule amendment is available here.