2025-14459Notice

SEC Pauses Securities Loan Reporting: Brief Breather Granted

Published Date: 7/31/2025

Notice

Summary

The SEC is giving some temporary relief to folks who report securities loans under Rule 10c-1a, like brokers and financial firms. This means they get more time to meet certain reporting and public data-sharing deadlines, pushing back some key dates into 2026 and beyond. No money changes hands now, but this helps everyone get ready without rushing.

Analyzed Economic Effects

3 provisions identified: 1 benefits, 0 costs, 2 mixed.

Reporting Deadline Pushed Back

Firms required to report securities loans under Rule 10c-1a (covered persons, e.g., broker-dealers and similar financial firms) get more time to begin reporting: the reporting date is extended from January 2, 2026 to September 28, 2026.

Public Data Release Delayed

FINRA's required public dissemination of Rule 10c-1a securities loan data is delayed from April 2, 2026 to March 29, 2027, so investors and the public will not see the new publicly reported loan and loan-rate statistics until the later date.

More Time to Build SLATE and Test

FINRA and reporting firms get additional time to build the SLATE reporting system, perform user acceptance testing, onboard participants, train staff, and resolve reporting inconsistencies before reporting begins and before public dissemination.

Your PRIA Score

Score Hidden

Personalized for You

How does this regulation affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Key Dates

Effective Date
Published Date
7/28/2025
7/31/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
Source: View HTML
Back to Federal Register

Take It Personal

Get Your Personalized Policy View

Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.

Already have an account? Sign in