8 Jan 2025
📈FINRA's New Securities Lending Rules
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order Approving a Proposed Rule Change, as Modified by Partial Amendment No. 1, To Adopt the FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATETM))
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory actions involve new reporting and compliance requirements for businesses in the securities lending space. FINRA’s proposed rules will compel entities to timely report Covered Securities Loans, impacting operational processes and costs for compliance. The transparency provisions may also influence market dynamics and competitive positioning.