Subject: File No. S7-18-21
From: Chris W.

March 14, 2022

I agree with the proposed and they need to be approved.

The Securities and Exchange Commission (Commission or SEC) is proposing a rule to increase the transparency and efficiency of the securities lending market by requiring any person that loans a security on behalf of itself or another person to report the material terms of those securities lending transactions and related information regarding the securities the person has on loan and available to loan to a registered national securities association (RNSA). The proposed rule would also require that the RNSA make available to the public certain information concerning each transaction and aggregate information on securities on loan and available to loan.