The Securities and Exchange Commission (SEC) has scheduled an open meeting of the Commission on two rule changes.
First, the Commission will consider whether to adopt a rule under the Securities Exchange Act of 1934 to “increase the transparency and efficiency of the securities lending market.”
Second, the Commission will consider whether to adopt a rule under the Securities Exchange Act of 1934 that is:
“designed to provide greater transparency to investors and market participants by increasing the public availability of short sale-related data and whether to approve a proposed amendment to the national market system plan governing the consolidated audit trail (“CAT”) created pursuant to the Exchange Act to require a CAT reporting firm that is reporting short sales to indicate whether such firm is asserting use of the bona fide market making exception under Rule 203(b) of Regulation SHO.”
The Open Meeting means the rules will be adopted by the Commission.
The meeting will occur on Friday, October 13, at 9:30 AM.
