Equilend Update on SEC’s Announcement Regarding FINRA 10c-1a SLATE Proposal

The Securities and Exchange Commission announced that it is postponing its decision on the approval of FINRA’s 10c-1a SLATE proposal. While we understand the need for a thorough review by the SEC, we also recognize that a delay in this decision affects the industry participants and their ability to prepare for the new rule’s implementation.

Throughout these past few months, Equilend has been actively participating in industry dialogues and closely monitoring all developments related to the 10c-1a SLATE proposal. We are dedicated to providing our clients with timely updates and insights, ensuring they are well-prepared for any regulatory changes. Additionally, despite lacking final SEC approval, and in anticipation of the eventual rollout of Rule 10c-1a, we have been continuing our development efforts, to ensure that once the final regulation is approved, we will be in a good position to launch our product offering and begin client testing and integration.

Equilend plans to continue to host workshops and webinars to discuss any updates that may be put forth by the SEC or FINRA. Stay tuned for further details and registration information. 

For any clients interested in joining our 10c-1a working group, please get in touch with us at RegTech@equilend.com or speak to your client relationship manager.

Click here to read the SEC announcement.

Click Here to Request a Copy of Equilend’s Guide to 10c-1a Reporting