Federal HB10553 mandates the Federal Reserve to revise Regulation T to include certain over-the-counter equity securities with a ready market in the.

Federal HB10553, the Margin Eligibility Modernization Act, requires the Board of Governors of the Federal Reserve System to amend Regulation T. This change will include certain equity securities traded over-the-counter with a ready market in the definition of "OTC margin stock." If the Federal Reserve fails to issue the required rule within 90 days of the Act's enactment, the definition of "OTC margin stock" will automatically include these securities.

Federal HB10553 mandates the Federal Reserve to revise Regulation T to include certain over-the-counter equity securities with a ready market in the.

Federal HB10553, the Margin Eligibility Modernization Act, requires the Board of Governors of the Federal Reserve System to amend Regulation T. This change will include certain equity securities traded over-the-counter with a ready market in the definition of "OTC margin stock." If the Federal Reserve fails to issue the required rule within 90 days of the Act's enactment, the definition of "OTC margin stock" will automatically include these securities.