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.
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Key Dates
Department and Agencies
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