EquiLend Update on FINRA's Proposed Change to Rule 6500 Series for SEC 10c-1a Reporting

On November 14, 2024, FINRA published a proposed rule change to the FINRA Rule 6500 Series, which outlines updated requirements for 10c-1a reporting. The proposed changes reflect a number of concerns raised by the industry regarding FINRA’s original proposal. Following a short comment period, the SEC must determine whether to formally approve the rule change.  

At EquiLend, we are closely analyzing the proposed rule change to assess its impact on our regulatory reporting solution and what this means for the industry. Our team is committed to ensuring EquiLend’s 10c-1a regulatory reporting engine aligns with the latest regulatory expectations. 

We understand that regulatory updates like this can raise questions and opportunities to explore new solutions. We welcome the opportunity to discuss the implications of the proposed rule change and explore how EquiLend can support your compliance needs. 

If you have any questions or would like to speak to our team regarding this development, please reach out to your EquiLend Client Relationship Manager or contact us at [email protected]. 

We look forward to partnering with you to navigate the evolving regulatory landscape.