PASLA was incorporated in Hong Kong in 1995 and is and association of firms that are active in the business of borrowing and/or lending securities of Asian markets.
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PASLA provides a collective voice and an industry consensus on issues that affect the development of the securities lending business.
PASLA works with regional regulators and exchanges to assist in the further development of the securities lending business.
The Insurance Commission of the Philippines released Circular 2019-45 that allows insurance and professional reinsurance companies to participate in Securities Borrowing and Lending (SBL) transactions. The Circular limits the exposure of life insurance companies to SBL transactions to not more than 5 percent of their total admitted assets while non-life and reinsurance companies should not exceed 10 percent. The new Circular shall take effect immediately.
On the 6th September the CSDC released a consultation that proposes permitting QFII/RQFIIs to participate in SBL with feedback requested by the 20th September. The consultation can be found online at: http://www.chinaclear.cn/zdjs/gszb/201909/87668c0cf32841fa95524532675596a4.shtml. A translated version is available, please get in touch if you would like a copy.
PASLA is working closely with ASIFMA to provide a joint response so please provide any feedback to PASLA's China Working Group via gabi.solway@paslaonline.com by the COB 16th September.
PASLA's China market group is pleased to provide the membership with an update of how we see the China market evolving with regard to Securities Lending.
Following our proposal letter to the CSRC in January, we have had a very positive response as well as a continuing active dialogue with many of the regulators, exchanges and other authorities in the consideration of both domestic and offshore access.
The update includes our thoughts on the QFII/RQFII consultation, the latest STAR board developments as well as facts surrounding what we learned through our conversations with key stakeholders across the various authorities.
We hope you find the information useful and please let us know if you have any comments or questions.
ASIC's Consultation Paper CP319 seeking feedback on proposed legislative relief that aims to improve substantial holding disclosure whilst also reducing red tape.
The deadline for feedback is the 9th of September, 2019.
The Korea Exchange (KRX) announced that the revised Short Selling Rules of the KRX Market Business Regulations will become effective from 01 August 2019.
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Thank you for your interest in PASLA. Membership of PASLA is available for all companies that are actively engaged in securities lending, borrowing, or repo in the Asian markets or are working to develop these capabilities.
Membership is open to any organisation that is a regular borrower or lender of securities or regularly enters into Repo transactions. The Board may decide to confer Honorary Member Status on institutions that do not meet this definition. Membership includes Access to Country Profiles on this websites, Summary of Executive Committee meetings and country updates and much more.
Comes with lot of membership benefits like Full access and invitation to meetings, Access to Country Profiles, Summary of Executive Committee meetings and country updates and much more.