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Improve business practices and quality of service in its area of expertise, promote high standards of professional capability and performances, foster efficient operations, and where applicable, encourage uniformity of practice.

Upcoming Events

Credit Division Dinner Meeting

Bayards 20-Nov-08

More Upcoming Calendar Events

Become a Member

Membership in the Credit Division will provide you and your firm an opportunity to to stay up to date with the latest regulatory updates. Stay up to date with proposed changes and interpretation and application of existing rules.

Special Alerts

Welcome to the newest members of the SIFMA Credit Division Governing Committee:

Michael Nierva - Bear Stearns

John Gorman - Credit Suisse

Brian Warshaw - Merrill Lynch

James Barry - Morgan Stanley

Paul Capezza - Pershing

Now Taking Applications for Scholarship Program
(Members Only)

Visit SIFMA's Career Center to find qualified financial services candidates.

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CURRENT DEVELOPMENTS

AUCTION RATE SECURITIES (ARS)

FINRA Grants Additional, Temporary Relief from the Net Capital, Reserve Formula, Non-purpose Loan, and Maintenance Margin Requirements Applicable to Credit Extended on Auction Rate Securities to Broker-Dealers That Agree to Buy Back Auction Rate Securities; Effective Date: November 4, 2008

EXTENSION REQUESTS

FINRA Revises the Effective Date to Collect and Process Certain

CRD Numbers in Connection with Regulation T and SEC Rule 15c3-3

Extensions of Time Requests; (Effective Date: April 1, 2009)

FINRA Consolidates the Collection and Processing of Regulation T
and SEC Rule 15c3-3 Extension of Time Requests;
(Effective Date: November 17, 2008)

MONEY MARKETS MUTUAL FUNDS
FINRA Announces Temporary Margin Maintenance, Net Capital
and Reserve Formula Requirements Related to Money Market Mutual
Funds; (Effective Date: October 21, 2008)