Regulatory Alerts2023-11-03 | 2023-23052Added
Reporting of Securities Loans
The Securities and Exchange Commission adopted Rule 10c-1a to enhance transparency in the securities lending market by requiring covered persons to report loan details to registered national securities associations. The rule mandates that these associations make specific transaction data and aggregate loan rate information publicly available while maintaining confidentiality for sensitive data to support oversight. This final rule aims to close existing data gaps, improve price discovery, and reduce information asymmetries for brokers, dealers, and investors effective January 2, 2024.
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