The U.S. Securities and Exchange Commission (SEC) has announced an upcoming open meeting to discuss two important rule changes. The first rule under consideration aims to improve transparency and efficiency in the securities lending market. This decision is in line with the Securities Exchange Act of 1934, which seeks to provide a clearer and more efficient framework for this sector.
The second rule under discussion aims to enhance transparency for investors and market participants by increasing the availability of data related to short selling. Additionally, the SEC will review a proposed amendment to the national market system plan that governs the consolidated audit trail (CAT), which was created under the Exchange Act. This amendment would require CAT reporting firms to indicate whether they are asserting the use of the bona fide market making exception under Rule 203(b) of Regulation SHO.
The upcoming open meeting on October 13th will give the Commission the opportunity to finalize and adopt these crucial rules. These changes are expected to have a significant impact on the securities lending market and increase transparency for investors and market participants. The meeting is scheduled to take place at 9:30 AM, marking an important milestone in the SEC’s ongoing efforts to regulate the financial industry.
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