Jonathan Lee talks to Securities Finance Times on the SEC’s Rule 10c-1
The SEC has now adopted Rule 10c-1 relating to the reporting of securities lending trades. Kaizen’s Money Markets Reporting Director, Jonathan Lee shares his insights on the introduction of the new rule.
“Jonathan Lee believes that the SEC has found a good initial balance in the regulatory design that it has put forward in its 10c-1a Final Rule. This was always going to be a fine line to tread, he notes, and there will be further opportunity to review and refine these initial provisions, in consultation with FINRA, when the Rule is live and when the market starts to see transaction data being published.”
