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The Commodity Futures Trading Commission (CFTC) has introduced a new rule requiring futures commission merchants (FCMs) to ensure customers maintain enough funds to meet initial margin requirements before allowing withdrawals. This rule also allows FCMs to treat separate customer accounts as if they belong to separate entities, under certain conditions, to manage risks effectively. The new rule aims to protect customer funds, prevent systemic risks, and ensure the integrity of financial markets. It extends existing requirements for margin management currently applicable through DCOs to FCMs who are not clearing members.

The Commodity Futures Trading Commission has issued a notice as required by the Paperwork Reduction Act. This notice refers to an information collection related to the requirement for futures commission merchants to collect margin for omnibus accounts on a gross basis, which is important for compliance with regulations. Public comments are welcome until March 1, 2021, and can be submitted electronically or by mail. The collection is estimated to involve 53 entities, with a total expected annual burden of 17 hours and no associated capital or operating costs.