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.
Bursa Malaysia and Securities Commission Malaysia extended the temporary suspension on Intraday Short Selling (IDSS) and intraday short selling by Proprietary Day Traders (PDT Short Sale) to 29 August 2021. In addition, temporary waivers related to PDT will also be extended to 29 August 2021. This does not impact Regulated Short Selling (RSS).
To adhere to the recent amendment of the Civil Law, the Taiwan Stock Exchange (TWSE) will amend the lending rate ceiling for the competitive bidding and negotiated type of Securities Borrowing and Lending (SBL) transactions from twenty percent to sixteen percent effective in July 2021.
The Korea Securities Depository (KSD) announced the launch of a Securities Lending and Borrowing (SLB) trade execution platform to comply with new short sell regulatory requirements. The new platform aims to reduce any errors that may lead to unintentional naked short selling.
The platform will be exclusively limited to local investors initially but will subsequently be available to foreign investors. The launch date of the platform for local brokers will be 8 March 2021.
The FSC announced the decision to extend the short-selling ban until May 2, 2021 and to allow a partial resumption of short-selling from May 3 on KOSPI 200 and KOSDAQ 150 stocks.
The Bursa Malaysia recently held a meeting with market participants to gather their input into planned changes to their current short sell program that are summarized in the "Read More" section below. The Bursa Malaysia is open to further feedback prior to the 2nd of February. Should you have any suggestions or concerns please forward them to PASLA's Malaysia group for collation via gabi.solway@paslaonline.com.
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This year’s event will focus on China capital markets, where key stakeholders from the mainland regulators and exchanges will be invited to deliver keynote addresses and join panel discussions.
The webinars will take place daily for 2-3 hours from 19th to 23rd April. PASLA members are entitled to a discounted fee of US$99 per registrant by using the promo code PASLA4657 when registering. Please visit the PASLA Events page for further details
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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.