Subject: S7-18-21: WebForm Comments from Tristan Henderson
From: Tristan Henderson
Affiliation:

Aug. 16, 2022



August 16, 2022

 I am invested in US markets independently. This rule is good. We need increased transparency, not allowing funds to short in the dark (yes, reporting T+1 is in the dark compared to intra-day.) 15 minute reporting requirement is sensible the extra cost and effort are justified to increase confidence in the US markets. Anything less than this level of transparency makes true price discovery impossible, and enables an environment in which securities lending can spiral out of control, out of sight, until it is too late.