Securities Futures Market Credit Protection Act

Summary

Securities Futures Market Credit Protection Act - Amends the Commodity Exchange Act to require the Federal Reserve Board to prescribe regulations for the minimum amount of margin which may be required to purchase or carry any contract, or any option on a contract, of the sale for future delivery of: (1) any group or index of securities; (2) any interest in any group or index of securities; or (3) any interest based on the value of any group or index of securities. Sets forth guidelines for such regulations. Makes unlawful the violation of any such regulations prescribed by the Federal Reserve Board. Makes unlawful the obtaining of a loan or other extension of credit in violation of such regulations. Sets forth enforcement provisions. Requires the Federal Reserve Board to report to specified committees of the Congress concerning such regulations. Specifies that any such regulations shall apply prospectively and shall not apply to contracts or options which were entered into before the effective date of such regulations.

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1 official file

• Introduced in House

  summary · EN · 3 November 1987

  Open at official source

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