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The MLSA requires the TALF Agent to deliver on behalf of the borrower, among other things, a sales confirmation. What form of sales confirmation is acceptable?

April 26, 2017agent behalf borrower confirmation deliver mlsa requires sales talf

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The MLSA requires the TALF Agent to deliver on behalf of the borrower, among other things, a sales confirmation. What form of sales confirmation is acceptable?

1 Answer

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A Rule 10b-10 confirmation is satisfactory. Other written sales confirmations, including e-mail confirmations that contain the required pricing information and are customarily provided by many broker-dealers prior to mailing of a Rule 10b-10 confirmation, will also be acceptable.