Reeve Serman, president of the Canadian Securities Lending Association (Casla), reveals the organisation’s work agenda for the next 12 months Since Casla’s inception only three some years ago, it has established itself as a credible, industry-recognised association both in Canada and abroad. Casla will continue to work on expanding its reach and develop meaningful working … Read more
CASLA confirms 2013 conference date as May 8th.
November 22, 2012 – FSB Consultative Document on Securities Lending and Repos.
The Financial Stability Board (FSB) has issued a consultative document on Securities Lending and Repos in an attempt to strengthen the oversight and regulation of “shadow banking” system. FSB believes policies are needed to address potential systemic risks associated with “shadow banking”, including prevention of “runs” with activities associated with securities financing contracts such as … Read more
The Ministry of Finance has amended Section 260 of the Finance Act redefining the definition of a qualified security for purposes of Securities Lending. Please click here for full the update.
The Ministry of Finance has amended Section 260 of the Finance Act redefining the definition of a qualified security for purposes of Securities Lending. Please click here to read the full update.
Dodd Frank Section 165 Section (d) and (e) are applicable to Securities Lending arrangements for US providers and will have certain implications and impacts on the industry. RMA has published a comment letter on issues concerning application of the proposed rulemaking’s single-counterparty credit limits to Agency Securities Lending Programs in the US and related transactions. … Read more
CASLA announces new legal sub-committee to support related CASLA initiatives led by Lesley Charkow. The board consists of a diversified mix of legal and business experience from a variety of financial institutions. The Board of CASLA welcomes the members and thanks them for their participation on subcommittee. For a list of all members please click … Read more
Changes include: 1) Repealing the tick test 2) Imposing a pre-borrow requirement under certain circumstances. 3) ‘Short Designation’ requirement: applicable sell orders for short selling purposes will require a ‘short’ designation. 4) ‘Short-Marking Exempt’ designation: intended for qualified neutral trade activity. Related market participants should ensure they are familiar with the IIROC requirements and ensure … Read more
IIROC updates Short Selling Requirements: Please click on CASLA Reference Library for more details.
