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.
PASLA is delighted to announce today the appointment of Stephen Howard as the Association’s first CEO. In this newly created role, Stephen will be responsible for establishing and implementing PASLA’s engagement strategy with regulators, exchanges and other key stakeholders across Asia Pacific and advocating for the Association’s members. He will be based in Hong Kong and report directly to PASLA’s Executive Committee.
Stephen has worked in banking and securities markets for nearly 30 years and has extensive trading and management experience in sell-side and buy-side businesses. He is the founder of a financial markets’ consultancy with a focus on equity derivatives and prime finance and an expert witness. From 2020 to 2022, he was a member on the Advisory Board of The Sydney Stock Exchange. Before that, he was the Head of Trading and Portfolio Manager at Enhanced Investment Products, an Asia ex-Japan hedge fund, from 2014 to 2017. He has 20 years of experience working on the sell-side, building and managing the Asia Pacific trading business at NatWest Markets, ABN AMRO Bank and J.P. Morgan respectively.
We are excited to welcome Stephen to the Association, and looking forward to strengthening our relationships with regional regulators and exchanges under his leadership as we advocate for the implementation of best practices across the Asia Pacific markets.
The Bureau of Internal Revenue (BIR) has notified the Philippine Stock Exchange (PSE) that the BIR may accept the filing and registration of a GMSLA where one party is a foreign national with certain limitations. Further details are in the circular CN-2023-0048.pdf (pse.com.ph).
PASLA's ASEAN Working Group looks forward to clarifying any questions relating to implementation over the coming weeks.
PASLA is excited to share the latest episode in our 2023 podcast series ASIA SECURITIES FINANCE MONTHLY hosted by Matt MacArthur with Gold Sponsor EquiLend.
In September’s episode John Timms (UBS, Hong Kong), explains the main drivers of financing in APAC whilst Jason Wells (PASLA Chair, Hong Kong) provides an update on PASLA future plans as well as turning the tables to get more information out of our host. We continue to enjoy chatting to future industry legends as Nguyen Tran (Morgan Stanley, Sydney) joins us for 5 questions in 5 minutes.
Essential listening for anyone interested in securities finance in Asia.
We look forward to delivering more podcasts throughout the year. Contact us at podcast@paslaonline.com for feedback, topic suggestions and sponsorship opportunities.
Following the amendment of the criteria for approved securities for the purpose of short selling, the Bursa Malaysia has published the revised list of approved securities that will be made effective 31st July 2023.
https://www.bursamalaysia.com/trade/trading_resources/equities/regulated_short_selling
There are 387 names on the updated list.
The Philippine Stock Exchange (PSE) has issued a memorandum to advise the updated format of the Daily Depository Participant’s Report (DDPR) and submission guidelines for trading participants, custodian banks, and lending agents to enable the tracking of movement of shares that are sold short.
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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.