{"abstract":"The Commodity Futures Trading Commission (Commission or CFTC) is amending its regulations, adopted under the Commodity Exchange Act (CEA), to require a futures commission merchant (FCM) to ensure a customer does not withdraw funds from its account with the FCM if the balance in the account after the withdrawal would be insufficient to meet the customer's initial margin requirements; and relatedly, to permit an FCM, subject to certain requirements, to treat the separate accounts of a single customer as accounts of separate entities for purposes of certain Commission regulations.","action":"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"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2025/01/22/2024-31177.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1","title":17},{"chapter":null,"citation_url":null,"part":"22","title":17},{"chapter":null,"citation_url":null,"part":"30","title":17},{"chapter":null,"citation_url":null,"part":"39","title":17}],"citation":"90 FR 7880","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective date: This rule is effective March 24, 2025.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"2024-31177","effective_on":"2025-03-24","end_page":7940,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2025/01/22/2024-31177.xml","html_url":"https://www.federalregister.gov/documents/2025/01/22/2024-31177/regulations-to-address-margin-adequacy-and-to-account-for-the-treatment-of-separate-accounts-by","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2024-31177?publication_date=2025-01-22","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2025-01-22/2024-31177/mods.xml","not_received_for_publication":null,"page_length":61,"page_views":{"count":2286,"last_updated":"2026-09-21 00:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2025-01-22/pdf/2024-31177.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2024-31177.pdf?1736889332","publication_date":"2025-01-22","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2025/01/22/2024-31177.txt","regulation_id_number_info":{"3038-AF21":{"issue":"202410","html_url":"https://www.federalregister.gov/regulations/3038-AF21/treatment-of-separate-accounts-by-futures-commission-merchants","title":"Treatment of Separate Accounts by Futures Commission Merchants","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202410&RIN=3038-AF21&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["3038-AF21"],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"CFTC","document_id":"CFTC-2025-0004-0001","checked_regulationsdotgov_at":"2025-01-23T12:55:03Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":7880,"subtype":null,"title":"Regulations To Address Margin Adequacy and To Account for the Treatment of Separate Accounts by Futures Commission Merchants","toc_doc":"Regulations to Address Margin Adequacy and to Account for the Treatment of Separate Accounts by Futures Commission Merchants","toc_subject":null,"topics":["Brokers","Commodity futures","Consumer protection","Reporting and recordkeeping requirements","Swaps"],"type":"Rule","volume":90}