Hong Kong Exchange and Clearing Limited (HKEX) has published a consultation paper on Accelerated Settlement for the Hong Kong Cash Market, with final feedback due by 18 May 2026.

We look forward to providing robust and detailed feedback into the consultation paper.

Members are requested to provide feedback to Securities Finance Association (SFA) by Close of Business Wednesday 13 May, for SFA to respond to the consultation,  aggregating and anonymizing association members feedback.

For more information, please see the links below:

HKEX press release: https://www.hkex.com.hk/News/Market-Communications/2026/260417news?sc_lang=en

Consultation Paper: https://www.hkex.com.hk/-/media/HKEX-Market/News/Market-Consultations/2016-Present/April-2026-Accelerated-Settlement-for-the-Hong-Kong-Cash-Market/Consultation-Paper/cp202604.pdf

Questionnaire: https://surveys.hkex.com.hk/jfe/form/SV_424q8tzSvNhOTeS

PASLA announces the appointment of Andrew McCardle, Head of EquiLend Asia, to its Board of Directors, effective January 20th, 2026.

McCardle’s appointment comes at a pivotal time in PASLA’s governance evolution. Over the past year, the Association has streamlined its Board from 16 to 12 directors, introduced advisory roles, and integrated its first Solutions Provider membership sleeve into the Board construct. These changes reflect the rapid expansion of PASLA’s membership, up more than 30% year over year, and the Association’s commitment to ensuring broader and more diverse representation at the Board level.

With EquiLend becoming the first Solutions Provider to hold a Board seat, PASLA reinforces its dedication to incorporating perspectives from across the full spectrum of the regional securities finance ecosystem.

McCardle has been a valued Board Advisor, and his transition to a full voting Director brings technology‑driven insight and infrastructure expertise, critical elements of the market’s ongoing development. His appointment further strengthens the Board’s ability to foster rich dialogue and informed debate, supported by deep franchise experience and a wide range of institutional viewpoints.

The Board is confident that McCardle’s experience and industry leadership will continue to enhance PASLA’s governance and support the Association and its members as it navigates the complexities and growth opportunities across the Asia‑Pacific region.

“I’m honored to join the PASLA Board and represent EquiLend at a time when the region’s securities finance markets are evolving quickly. I’m looking forward to working with PASLA’s members to support a healthy, well-functioning market and help advance best practices across Asia-Pacific.” McCardle said.

HK Exchanges and Clearing Limited has announced new measures regarding cash and non-cash margin collateral arrangements.

For more details, please see the below link.  

https://www.hkex.com.hk/News/Market-Communications/2025/250901news?sc_lang=en

PASLA will look to provide additional information as it becomes available.