US regulator may bend on margin rule for segregated accounts
CFTC open to extending September 15 deadline
The US derivatives regulator has signalled it may delay a controversial rule that would stop clearing banks from ring-fencing margin accounts.
The rule, due to be enforced on September 15, would allow futures commission merchants (FCMs) to claw back margin from across accounts belonging to the same end-investor, even if assets are allocated across different asset managers.
A spokesperson for the
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