The Financial Industry Regulatory Authority, Inc. (FINRA) has filed a proposed rule change with the Securities and Exchange Commission to extend the implementation date of certain amendments to their Rule 4210, which concerns margin requirements, to October 26, 2021. These amendments, related to specific types of financial transactions, have been postponed to allow further consultation with industry participants and regulators to avoid disruption to the market. The change is immediate and does not involve any alterations to the wording of FINRA rules. Public comments are invited regarding this proposed extension.
Simple Explanation
FINRA wants to change the date for new rules about how much money people need to have when they make certain kinds of trades. They are taking more time to talk to others so that everything goes smoothly, and they want people to say what they think about this new date.