From Tony Holland on LinkedIn:
ISLA is pleased to advocate the filing of a letter sent today to the SEC requesting an extension to increase the comment response period vs. the FINRA proposed rule changes.
The letter was filed by the Investment Company Institute (ICI), the Canadian Securities Lending Association (CASLA), the International Securities Lending Association (ISLA), the Securities Lending Council of the Risk Management Association (“RMA Council”), the Securities Industry and Financial Markets Association (SIFMA), and SIFMA’s Asset Management Group (SIFMA AMG) (collectively, “Associations”).
The letter requests that the SEC extend the 45-day review period for an additional 45 days so that it can continue to review FINRA’s proposals and consider any additional comments submitted by stakeholders during this time.
The full letter is available at https://www.linkedin.com/posts/activity-7199867133055430656-erME