EquiLend Statement on SEC Rule 10c-1 Announcement
October 13, 2023
EquiLend notes that the SEC approved Rule 10c-1 and its securities lending reporting framework.
EquiLend understands the importance of providing regulators and market participants with increased transparency into securities lending transactions and is pleased to have actively participated in industry working groups providing feedback to the SEC during the rulemaking and public commentary process.
We note that the SEC has made several material amendments to its original proposal published in November 2021, most notably the removal of the 15-minute report timeframe for new and modified trades.
Since 2021, EquiLend has analyzed various scenarios and options to support our clients and their compliance with Rule 10c-1a’s reporting and associated data requirements. EquiLend plans to host an upcoming seminar where we will be addressing the Rule 10c-1 requirements, along with a showcase of our firm’s end-to-end securities lending and reporting solutions.
About EquiLend
EquiLend is a global financial technology firm offering Trading, Post-Trade, Data & Analytics, RegTech and Platform Solutions for the securities finance industry. EquiLend has offices in North America, EMEA and Asia-Pacific and is regulated in jurisdictions around the globe. The company is Great Place to Work Certified™ in the U.S., UK, Ireland and India and was named Best Post-Trade Service Provider Globally, Best Market Data Provider Globally and awarded for its Diversity & Inclusion in the Securities Finance Times Industry Excellence Awards 2023.
For more information, please contact:
Christopher Gohlke
Director
Marketing and Communications
+1 (332) 228-1317