{"abstract":"The Commodity Futures Trading Commission (\"CFTC\") and the Securities and Exchange Commission (\"SEC\") (collectively, the \"Commissions\") are adopting rule amendments to lower the margin requirement for an unhedged security futures position from 20% to 15% and adopting certain conforming revisions to the security futures margin offset table.","action":"Joint final rule.","agencies":[{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"},{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/11/24/2020-24353.html","cfr_references":[{"chapter":null,"citation_url":null,"part":41,"title":17},{"chapter":null,"citation_url":null,"part":242,"title":17}],"citation":"85 FR 75112","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"This rule is effective December 24, 2020.","disposition_notes":null,"docket_ids":["Release No. 34-90244","File No. S7-09-19"],"dockets":[],"document_number":"2020-24353","effective_on":"2020-12-24","end_page":75147,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/11/24/2020-24353.xml","html_url":"https://www.federalregister.gov/documents/2020/11/24/2020-24353/customer-margin-rules-relating-to-security-futures","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-24353?publication_date=2020-11-24","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-11-24/2020-24353/mods.xml","not_received_for_publication":null,"page_length":36,"page_views":{"count":2560,"last_updated":"2026-04-04 16:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-11-24/pdf/2020-24353.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-24353.pdf?1606139119","publication_date":"2020-11-24","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/11/24/2020-24353.txt","regulation_id_number_info":{"3235-AM55":{"issue":"202004","html_url":"https://www.federalregister.gov/regulations/3235-AM55/customer-margin-requirements-for-security-futures","title":"Customer Margin Requirements for Security Futures","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202004&RIN=3235-AM55&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"},"3038-AE88":{"issue":"202010","html_url":"https://www.federalregister.gov/regulations/3038-AE88/customer-margin-rules-relating-to-security-futures","title":"Customer Margin Rules Relating to Security Futures","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202010&RIN=3038-AE88&operation=OPERATION_EXPORT_XML","priority_category":"Other Significant"}},"regulation_id_numbers":["3038-AE88","3235-AM55"],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"CFTC","document_id":"CFTC-2020-0111-0001","checked_regulationsdotgov_at":"2020-11-26T04:30:09Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":75112,"subtype":null,"title":"Customer Margin Rules Relating to Security Futures","toc_doc":"Customer Margin Rules Relating to Security Futures","toc_subject":null,"topics":["Brokers","Confidential business information","Reporting and recordkeeping requirements","Securities"],"type":"Rule","volume":85}