Securities and Exchange Commission Release

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• SEC Approved FINRA Rules: 2nd January 2025


• Securities and Exchange Commission Release

Securities and Exchange Commission Release

Status: SEC APPROVED RULES 2.1.25 Last Updated: 02 Jan 2025

SECURITIES AND EXCHANGE COMMISSION (Release No. 34-102093; File No. SR-FINRA-2024-007): 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)).

On May 1, 2024, the Financial Industry Regulatory Authority, Inc. (“FINRA”) filed with the Securities and Exchange Commission (“Commission” or “SEC”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Exchange Act” or “SEA”),1 and Rule 19b-4 thereunder,2 a proposed rule change to adopt the new FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE™)) to (1) require reporting of securities loans; and (2) provide for the public dissemination of loan information. The proposed rule change was published for comment in the Federal Register on May 7, 2024.3 On June 10, 2024, the Commission extended until August 5, 2024, the time period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change.4 On August 5, 2024, the Commission instituted proceedings to determine whether to approve or disapprove the proposed rule change, and allow for additional analysis of, and input from commenters with respect to, the scope and implementation of the proposed rules.5 On October 28, 2024, the Commission designated January 2, 2025, as the date by which the Commission shall either approve or disapprove the proposed rule change.6 On November 14, 2024, FINRA filed a partial amendment to the original proposed rule change. On November 15, 2024, the Commission published notice of Partial Amendment No. 1.7 The Commission received comment letters in response to publications of the Notice, OIP, and Partial Amendment No. 1,8 as well as a response letter from FINRA.9 This order approves the proposed rule change, as modified by Partial Amendment No. 1 (collectively, “Proposal”).

• SEC Approval of 10c-1a 2.1.2025 – 85 Pages: (Release No. 34-102093; File No. SR-FINRA-2024-007)