The Commodity Futures Trading Commission joined the Securities and Exchange Commission in proposing that the minimum margin on security futures contracts be set at 15 percent of current market value. Previously, the SEC proposed amendments to a regulation that would lower the margin requirement for unhedged security futures from 20 percent to 15 percent, pending CFTC approval of the same proposal. The SEC and CFTC have now also jointly proposed conforming revisions to their margin offset table to enable exchanges to set margin less than 20 percent for customers holding security futures and one or more related securities and futures. Comments to the Commissions’ proposals will be accepted for 30 days following their publication in the Federal Register. (Click here for background regarding the proposals in the article “Reduced Margin Requirements for Security-Based Futures Proposed by SEC; CFTC View Pending” in the July 7, 2019 edition of Bridging the Week.)