Blog FinReg + Policy Watch January 24, 2022

SEC Proposes Securities Lending Transaction Reporting Requirements

Our recent client alert discusses the SEC’s recent securities lending proposal, which, if adopted, would create a new reporting and disclosure framework for the securities lending market. Rule 10c-1 would require any person who loans a security on behalf of itself or another person to report to FINRA certain material terms of those loans and related information regarding the securities the person has on loan and available to lend. The proposal would also require that FINRA publish information concerning each transaction and aggregated information on securities on loan and available to lend.

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