6510. Definitions

For the purposes of this Rule 6500 Series, the following terms have the following meaning:

(a) “Confidential Data Element” means an item of information that a Covered Person must report under SEA Rule 10c-1a(e) and FINRA Rule 6530(a)(2)(M) through (U).

(b) “Custodian” means a Broker or Bank that is providing safekeeping or custody services as described in Exchange Act Section 3(a)(4)(B)(viii)(I)(aa) or (bb) in connection with the Covered Securities Loan.

(c) “Data Element” means an item of information that a Covered Person must report under SEA Rule 10c-1a(c) and FINRA Rule 6530(a)(2)(A) through (L).

(d) “Initial Covered Securities Loan” means a new Covered Securities Loan not previously reported to SLATE.

(e) “Loan Modification” means a change to any Data Element with respect to a Covered Securities Loan (irrespective of whether such Covered Securities Loan was previously reported to SLATE).

(f) “Securities Lending and Transparency Engine” or “SLATE” means the automated system developed by FINRA that, among other things, accommodates reporting and dissemination of loan reports where applicable in Covered Securities Loans.

(g) “SLATE Participant” means any person that reports securities loan information to SLATE, directly or indirectly.

(h) “SLATE System Hours” means the hours SLATE is open, which are 6:00:00 a.m. Eastern Time through 11:59:59 p.m. Eastern Time on a business day, unless otherwise announced by FINRA.

(i) The following terms shall have the meanings set forth in Exchange Act Section 3(a): “Bank,” “Broker,” “Dealer,” and “Clearing Agency.”

(j) The following terms shall have the meanings set forth in SEA Rule 10c-1a: “Covered Person,” “Covered Securities Loan,” “Reporting Agent,” and “Reportable Security.”
Adopted by SR-FINRA-2024-007 eff. Jan 2, 2026.