SEC Rule 10c-1a

SEC Rule 10c-1a introduces new transparency requirements for securities lending in the US market. Covered persons must report the material terms of securities loans to a registered national securities association (FINRA), which will make certain data publicly available.

What Rule 10c-1a requires

The rule requires reporting of loan-level details — including security, amount, rates and collateral — on the day a loan is effected or modified. It significantly increases the operational and data burden on lending desks and their agents.

How Equilend supports 10c-1a compliance

Equilend actively supports clients through evolving regulatory requirements, providing technology and data solutions that simplify compliance across global markets.

• Same-day capture of reportable loan terms
• Validated submission to FINRA
• Reconciliation against benchmark market data

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