The Securities and Exchange Commission (SEC) has approved a new rule proposed by the Financial Industry Regulatory Authority, Inc. (FINRA) known as the FINRA Rule 6500 Series. This rule mandates the reporting and public dissemination of securities lending transaction data through FINRA’s Securities Lending and Transparency Engine (SLATE). The goal of this rule is to improve transparency and efficiency in the securities lending market by collecting and providing access to detailed information about securities loans. The implementation of this rule is set for January 2, 2026, with public disclosure of the data to begin by April 2, 2026.
Simple Explanation
The government has approved a new rule that helps keep track of how people lend and borrow certain stocks, making it easier for everyone to see what's happening. They'll start doing this in January 2026, so everyone can understand how stocks are being shared.