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9.15 Securities Lending

<< Title IX Overview

9.15 Securities Lending

 

 


9.15.     Securities Lending.  The Act amends the Exchange Act to add a subsection prohibiting securities lending activity in contravention of rules prescribed by the SEC.  The grant of authority is in addition to any safety and soundness authority the federal banking regulators have over bank securities lending activities.  The SEC is directed to promulgate rules not later than 2 years after enactment of the Act. [§984]