30 Oct 2023
Pirum RegTech seeks SEC rule 10c-1a clarifications
Pirum is committed to delivering global solutions to support regulatory reporting for securities financing transactions, as evidenced in the SFTR context.
We look forward to applying our experience and assisting the industry navigate and comply with the evolving regulatory landscape in the U.S. around final rule 10c-1a.
As in our response letter to the SEC in January 2021 on proposed rule 10c-1, we are being thoughtful in our analysis of final rule 10c-1a and its anticipated impacts on our clients. Several parts of the new regulation require clarification, including jurisdictional reach; as such, we have a dedicated team working with our partner firms to seek further clarity and will share our analysis with our clients upon completion.
We look forward to our continued engagement and supporting the securities financing industry.
Please do not hesitate to reach out to us should you have any questions.