The US Securities and Exchange Commission (SEC) announced that it is postponing its decision on the approval of FINRA’s 10c-1a SLATE proposal.
In a statement, EquiLend wrote: “While we understand the need for a thorough review by the SEC, we also recognize that a delay in this decision affects the industry participants and their ability to prepare for the new rule’s implementation.”
Throughout these past few months, EquiLend has been actively participating in industry dialogues and closely monitoring all developments related to the 10c-1a SLATE proposal.
“We are dedicated to providing our clients with timely updates and insights, ensuring they are well-prepared for any regulatory changes. Additionally, despite lacking final SEC approval, and in anticipation of the eventual rollout of Rule 10c-1a, we have been continuing our development efforts, to ensure that once the final regulation is approved, we will be in a good position to launch our product offering and begin client testing and integration.”