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U.S. firms will have little time to prepare for new securities lending rules because of T+1, says Kevin McNulty at EquiLend in this FTF News Q&A.
(Editor’s note: This past October, the Securities and Exchange Commission adopted Rule 10c-1a in an effort to increase the “transparency and efficiency of the securities lending market,” according to the SEC. The new rule required the reporting of “specified information about securities loans to a registered national securities association (RNSA)” by 2026. The new rule...
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