PASLA was incorporated in Hong Kong in 1995 and is an association of firms that are active in the business of borrowing and/or lending securities in 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 FSC has officially confirmed its plan to fully reinstate stock short selling, effective March 31, as previously scheduled.PASLA’s Korea Working Group is actively collaborating with both onshore and offshore market participants to ensure that our members are well-prepared for this transition.A Best Practice Guide has recently been distributed to all members.We are also working in conjunction with onshore legal counsel to draft an industry-standard addendum that reflects the updated regulations.
During the Annual General Meeting held on 25th February, the new Board and Board Advisors were elected by the General Membership of PASLA.We are pleased to announce the appointment of our leadership team who will serve a two-year term. Jason Wells is re-appointed as Chair, Justinus Weegenaar as Vice Chair, and Sylvain Nicolay is re-appointed as Treasurer.The Executive Committee Board members of PASLA are:Valerie Rossi, ABN Amro Clearing BankAllison Ching, BNP ParibasGreig Ramsay, BNYKarim Chabane, CitibankTomas Säfstrand, Goldman SachsRob Evans, JP Morgan ChaseAndre Whye, JP Morgan SecuritiesJeff Coyle, Northern TrustAlex Prince, UBSThe Board Advisors of PASLA are:Zubair Nizami, Brown Brothers HarrimanAndrew McCardle, EquiLendEd Oliver, eSecLendingPoya Bozorgi Morgan StanleyEmiko Ida, Mizuho SecuritiesRuth Ferris, MUFG SecuritiesPASLA represents institutional participants in the Asia Pacific securities financing markets, providing a consensus from the industry in our dialogue with exchanges, regulators, and policy makers across Asia.
The Stock Exchange of Thailand Board has approved a revision framework aimed to bolster market confidence; the press release is below. Key items are:
As we understand this the next stage is to complete a public and market consultation process.
Our ASEAN Working Group has reached out to the SET team on this point.
The FSS has initiated the issuance of registration numbers to large-scale short selling corporations to be used with the KRX’s Naked Short-Selling Detection System (NSDS).
The NSDS will become mandatory on 31st March 2025 to coincide with the planned lifting of the current short selling ban.
More details are below.
The Bursa Malaysia, a PASLA member, is pleased to announce the release of their updated Approved Securities (“AS”) list effective 31 December 2024, which has been further expanded to include 469 stocks (as compared with the previous 441 stocks in the previous AS list) with a market capitalisation of RM1,821 bil (USD 407 bil).
This expansion reflects a 0.3% increase in market capitalisation of the AS list.
Review the circular here or access the Bursa website at SBL Eligible Securities
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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, summaries of Executive Committee meetings, country updates and much more.