31 Jul 2025
📊SEC Grants Temporary Exemptive Relief for Rule 10c-1a Compliance
Order Granting Temporary Exemptive Relief, Pursuant to Section 36(a)(1) of the Securities Exchange Act of 1934, From Certain Aspects of Rule 10c-1a
Summary
The SEC issued a temporary exemption for Rule 10c-1a, which mandates reporting on securities loans. This exemption extends compliance deadlines to enhance data accuracy and public transparency, aiming to foster a reliable securities lending market and improve investor protections while ensuring orderly implementation among industry participants.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The document discusses regulatory compliance under Rule 10c-1a, affecting businesses involved in securities lending. It outlines extended deadlines for reporting and data dissemination, impacting operational timelines and transparency in the market. Better data accuracy is expected to lead to beneficial outcomes for financial market participants.