Extension of Time Requests Relating to FINRA Rule 4210
Posted by GFT on 23rd Mar 2018
Executive Summary
FINRA is updating the Regulatory Extension (REX) system to include enhanced functionality that will better enable firms to request extensions of time related to FINRA Rule 4210, inclusive of requests for extensions of time in connection with the margin requirements for Covered Agency Transactions that will become effective beginning June 25, 2018. This Notice contains information about the REX system update, including a REX Customer Test Environment (CTE) that FINRA will make available to assist firms in testing their systems to ensure their readiness for the updated system.