Regulatory Alerts2021-12-08 | 2021-25739Added · Updated
SEC Proposed Rule on Reporting of Securities Loans
The Securities and Exchange Commission proposes Rule 10c-1 to enhance transparency in the securities lending market by requiring lenders to report material transaction terms to registered national securities associations. The rule mandates that these associations disseminate specific transaction data and aggregate loan information to the public to address current data gaps and information asymmetries. This initiative aims to improve price discovery, reduce market frictions, and support regulatory surveillance of the $1.5 trillion U.S. securities lending sector.
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