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 Bursa Malaysia are amending the criteria for approved securities for the purpose of short selling.
The daily market capitalization criterion for the preceding 3 months will be reduced to RM 200 million from the current level of RM 500 million as of the 12th of June 2023.
All listed ETFs will be declared as approved securities with the exception of Inverse ETFs. The effective date for this amendment will be announced in due course.
PASLA Digital Update
PASLA is excited to be collaborating with ISLA to continue to build momentum on digital assets. Please take the time to read recent research including ISLA’s Digital Assets in Technology (below) and GFMA’s and BCG’s Impact of Distributed Ledger in Global Capital Markets .
We look forward to the result of Value Exchange’s survey on the expected impact of new technologies in the securities finance industry. If you have not completed the survey yet, please contribute here.
The Canton Network was recently launched, the industry’s first privacy-enabled interoperable blockchain network designed for institutional assets with the aim of responsibly unlocking the potential of synchronized financial markets. Read more here.
If any PASLA members have real-life Tokenisation/Digital Assets use cases in flight and would like to utilise GMSLA as the underlying agreement, then feel free to send them across. This will ensure that GMSLA framework being considered is robust enough to cover your requirements.
Bhavna Haswani (JP Morgan) will be leading PASLA’s collaborative efforts alongside ISLA within this exciting space.
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 this episode we look at the main demand drivers in APAC with James Cooper (HSBC, Hong Kong) while Andrew McCardle (Equilend, Hong Kong) discusses how technology can help with ever changing internal and external data requirements.
We continue to talk to future industry legends as Sally Park (JP Morgan, Hong Kong) 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.
The podcast can be listened to on our website, apple podcasts or Spotify.
Stand With Refugees - Join our upcoming Cultural Awareness Talk to learn more about the journeys of refugees in Hong Kong and globally.
We often think of Hong Kong as a rich and privileged city, but there are a significant number of refugees who are facing a very different reality.
PASLA Inclusion Network (PIN) is proud to organise our first Cultural Awareness Talk on 25 May, in which we have invited a senior social worker and a Hong Kong based refugee to share about the lives of the refugees, why they must flee their homes, the struggles that they face in Hong Kong and globally, and what you can do to help.
The workshop is complimentary for PASLA members, and you may register by emailing to gabi.solway@paslaonline.com. Places are limited so don’t miss out!
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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.