SEC Issues Final Rule on Reporting of Securities Loans

The SEC has released a final rule that amends the Securities Exchange Act of 1934 to “require certain persons to report information about securities loans to a registered national securities association (RNSA) and require RNSAs to make publicly available certain information that they receive regarding those lending transactions.” The final rule’s purpose is to “increase the transparency and efficiency of the securities lending market.”

The final rule will become effective 60 days after the date of its publication in the Federal Register. For more information, see the press release and fact sheet — as well as the statements by SEC Chair Gary Gensler and Commissioners Jaime Lizárraga, Hester Peirce, and Mark Uyeda — on the SEC’s Web site.