Securities Lending and Transparency Engine (SLATE)

FINRA has filed a proposed rule change to adopt the FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE^TM)). SLATE is a new facility to allow for Covered Securities Loan transaction reporting by Covered Persons and transparency of Covered Securities Loan transactions in accordance with SEA Rule 10c-1a and the FINRA Rule 6500 Series. The Rule 6500 Series outlines the scope of the reporting obligations and relevant definitions, including of “Covered Person” and “Covered Securities Loan,” consistent with SEA Rule 10c-1a. If approved by the SEC, firms would be required to report Covered Securities Loan information to SLATE pursuant to FINRA’s rules beginning Friday, January 2, 2026.

Project Timetable

*Test dates are estimates and subject to change by FINRA.

Additional Information

• Draft SLATE Participant Reporting Specifications
• FINRA Rule 6500 Series 
• SEC Rule 10c-1a 

Contacts

• Technical Questions: email 
• Outreach Inquiries, External Conferences, and Reporting Questions: John Columbus, Director, Transparency Services, via email. 
• Rule Interpretations: Lauren Schreur, Associate General Counsel, FINRA Office of General Counsel, via email.