Compliance, Financial Regulation
22 Jan 2025
compliance, consumer protection, reporting and recordkeeping requirements, brokers, commodity futures, swaps, margins, cash management, customer protection, futures commission merchants
📉New Margin Requirements for Futures Commission Merchants Effective March 2025
The Commodity Futures Trading Commission (Commission or CFTC) is amending its regulations, adopted under the Commodity Exchange Act (CEA), to require a futures commission merchant (FCM) to ensure a customer does not withdraw funds from its account with the FCM if the balance in the account after the withdrawal would be insufficient to meet the customer's initial margin requirements; and relatedly, to permit an FCM, subject to certain requirements, to treat the separate accounts of a single customer as accounts of separate entities for purposes of certain Commission regulations.
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