Federal Register #OMB Control No. 3235-0788

SEC Requests Public Comment on Extension of Rule 10c-1a Information Collection

This opportunity concerns the Securities and Exchange Commission (SEC) seeking public comment on the extension of Rule 10c-1a information collection requirements. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - No OEMs or vendors are mentioned in this notice - Products/Services Requested: - No products or services are being procured - The request is for public feedback on the information collection process related to securities lending transactions - Covered persons must report securities lending transactions to a registered national securities association (RNSA), such as FINRA - Unique or Notable Requirements: - The SEC is specifically seeking input on the necessity, utility, and burden of the information collection - Suggestions are invited for minimizing respondent burden and improving data quality - The notice details estimated annual burden for system development, monitoring, and reporting, but does not request goods or services - This is a request for information and comment, not a procurement of goods or services

Description

The Securities and Exchange Commission (SEC) is soliciting public comments on the proposed extension of Rule 10c-1a, which requires covered persons to report data concerning securities loans to a registered national securities association (RNSA). The rule aims to increase transparency in the securities lending market by providing market participants and regulators access to material terms of securities lending transactions. The information collection supports oversight, improves price discovery, and reduces information asymmetry in the securities lending market. The notice invites comments on the necessity, burden, and ways to enhance the quality and minimize the burden of the information collection.

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