Reuters: Regulatory News: CME members get 60-day extension for new margin rules

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CME members get 60-day extension for new margin rules Jul 24th 2012, 14:12 NEW YORK, July 24 | Tue Jul 24, 2012 10:12am EDT NEW YORK, July 24 (Reuters) - The CME Group has been granted a second extension -- of 60 days -- by the U.S. Commodity Futures Trading Commission (CFTC) before imposing new rules that will increase margins for its non-hedge or spec members, a CME spokesman said on Tuesday. The CME now has until Oct. 4 to implement the new rules, spokesman Damon Leavell said. On May 3, the U.S. futures exchange said it received its first 90-day reprieve from the CFTC.

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