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 Financial Supervisory Service (FSS) has announced official guidelines for the internal controls on short selling and the new
institutional balance management system. These guidelines are to assist investors in implementing controls in a timely manner based
on clear standards. Those institutional investors that intend to engage in covered short selling should review and apply these
guidelines when the temporary short selling ban is lifted after 30 March 2025.
Effective 30 December 2024, investors will be able to lend out odd-lot shares via the TWSE Securities Borrowing and Lending (SBL) scheme.
Prior to the change, investors can only lend out shares by one or more trading units where one trading unit is 1,000 shares.
Post the relaxation, odd-lot shares of the lending order will be quoted and matched separately from the normal trading units on the TWSE SBL platform between the two SBL brokers.
PASLA is pleased to present the APAC Securities Lending User Guide 2024 in collaboration with EquiLend.
We have updated this guide as a resource for both our members and other market participants to help them understand the latest developments and opportunities across 13 different markets in APAC.
The guide includes market updates, regulatory considerations and operational know-hows that are crucial to achieving success in this securities lending market.
Much time and effort go into this user guide each time it is updated to keep it current, and we are grateful to all contributors from PASLA’s numerous working groups who work tirelessly as SMEs in the respective markets.
This knowledge sharing is key to educating and advocating for market structure standards and their evolution.
The full guide can be viewed online.
The CSRC has announced changes to measures on margin trading and securities lending.
Their announcement can be found at: the CSRC website.
Click "Read More" to read an English translation of that page.
The Bureau of Internal Revenue (BIR) has clarified certain provisions for the filing of MSLA and GMSLA documents required to meet the tax treatment of SBL transactions.
PASLA continues to discuss the documentation and processes of the Philippines SBL and short sell program with the PSE.
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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.