SEC Extends 10c-1a Compliance Timeline and What It Means for You

On July 28, 2025, the U.S. Securities and Exchange Commission (SEC) issued an Order Granting Temporary Exemptive Relief under Rule 10c-1a, formally extending key compliance dates for market participants and FINRA.

Updated Compliance Timeline:

• New Reporting Start Date: September 28, 2026
  (Previously January 2, 2026)
• New Public Dissemination Start Date: March 29, 2027
  (Previously April 2, 2026)

This update follows FINRA’s formal request and reflects broader industry feedback regarding the time needed to build, test and operationalize the SLATE™ platform (Securities Lending and Transparency Engine).

Equilend has been actively engaged in discussions with regulators, FINRA and market participants throughout this process, and this extension aligns with the expectations that emerged from those conversations.

How Equilend Is Preparing Clients

As the regulatory landscape evolves, Equilend remains committed to delivering a scalable and efficient 10c-1a reporting solution. With the revised timeline now confirmed, we will continue to:

• Align our platform to the most recent SLATE specifications
• Offer flexible tools for data normalization and pre-submission validation
• Support testing and dual compliance (e.g., SFTR + 10c-1a)
• Work closely with clients to meet both regulatory obligations and operational needs

What You Should Do Next

• Reassess internal project timelines based on the new compliance dates
• Take advantage of the extended window for system readiness and testing
• Reach out to Equilend for support or onboarding discussions

Access the full SEC Exemptive Relief Order on Rule 10c-1a order here.

For questions or planning support, please contact your Equilend representative or email clientsuccess@equilend.com.