SEC Rule 10c-1a

Pursuant to the provisions of Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act” or “SEA” or “Exchange Act”),1 the Financial Industry Regulatory Authority, Inc. (“FINRA”) is, as required by SEA Rule 10c-1a, filing with the Securities and Exchange Commission (“SEC” or “Commission”) 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. 

FINRA has filed a proposed rule change to adopt the FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE)). SLATE is a new facility to allow for Covered Securities Loan transaction reporting by Covered Persons and transparency of Covered Securities Loan transactions in accordance with SEA Rule 10c-1a and the FINRA Rule 6500 Series.

The Rule 6500 Series outlines the scope of the reporting obligations and relevant definitions, including of “Covered Person” and “Covered Securities Loan,” consistent with SEA Rule 10c-1a. If approved by the SEC, firms would be required to report Covered Securities Loan information to SLATE pursuant to FINRA’s rules beginning Friday, January 2, 2026.

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