SEC and CFTC to Hold a Joint Open Meeting on October 22

The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission today announced their agencies will hold a joint open meeting on Thursday, Oct. 22, 2020, at 10:00 a.m. (EDT). The meeting will be held virtually. The Commissions will consider the following: Joint Final Rule: Customer Margin Rules Relating to Security Futures – The Commissions will consider whether to adopt rule amendments to align the minimum margin required on security futures with other similar financial products. Request for comment: Portfolio Margining of Uncleared Swaps and Non-Cleared Security-Based Swaps – The Commissions will consider whether to issue a request for comment on the portfolio margining of uncleared swaps and non-cleared security-based swaps.