Cappitech and Pirum announce extended collaboration to support SEC 10c-1a reporting

On May 2nd S&P Cappitech and Pirum announced our extended collaboration to support the upcoming SEC 10c-1a reporting obligations. Cappitech and Pirum have been working together for several years in designing, building, and implementing the market-leading reporting solution for the EU and UK Securities Finance Transaction Reporting (SFTR) covering lenders, borrowers, brokers, and agent lenders. This extension builds on that success to ensure the industry can leverage our state-of-the-art technology, industry expertise, and customer ecosystem to meet its 10c-1a reporting obligations.

As outlined in the SEC rules the Financial Industry Regulatory Authority (FINRA) will be tasked with administering the rule instead of a Trade Repository as we have with SFTR. FINRA has published its proposed rules and technical requirements with a comment period that closed on May 28th. Now, FINRA and the SEC are reviewing the comments and should issue final rules in the fall of 2024. This means that the industry will have just over 12 months to implement a reporting solution for this new regulation.

Cappitech and Pirum will be hosting numerous webinars, events, and in-person sessions to discuss how we are helping the industry with these new reporting requirements.

S&P Global provides industry-leading data, software and technology platforms and managed services to tackle some of the most difficult challenges in financial markets. We help our customers better understand complicated markets, reduce risk, operate more efficiently and comply with financial regulation.

This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.