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Second GameStop hearing to focus on securities lending disclosure proposals
17 March 2021 US
Reporter: Drew Nicol

Witnesses from brokers, market utilities and universities are expected to call for amendments to Regulation SHO, Dodd-Frank, and Form 13F, while pitching new concepts for reporting securities lending activities

Don’t get starstruck by celebrity-endorsed SPACs, SEC says
17 March 2021 US
Reporter: Alex Pugh

The US SEC’s investor advocacy division has sounded the alarm on celebrity-sponsored SPACs, following activist short seller accusations of soon-to-be-listed companies duping retail investors

The Derivatives Service Bureau opens cybersecurity-focused consultation
17 March 2021 UK
Reporter: Alex Pugh

The global numbering agency for OTC derivatives is seeking input from the industry to tighten up data alignment and cloud resilience

HSBC completes first securities lending transaction in Saudi Arabia
17 March 2021 Saudi Arabia
Reporter: Drew Nicol

The global securities lending market sees Saudi Arabia as a key MENA growth market and the International Securities Lending Association is among international players seeking to act as handmaiden in the market’s development

Turkey amends securities finance and short selling rules
16 March 2021 Turkey
Reporter: Drew Nicol

The Capital Markets Board of Turkey has amended the ratio of open clearing positions, settlement of shares subject to gross settlement and scope and calculation of margin ratio for new collateral types

EU short selling disclosure threshold to reset
15 March 2021 France
Reporter: Drew Nicol

After just over a year the enhanced reporting requirement for short sellers will revert to its pre-COVID level of 0.2 per cent as of 19 March

Clearstream veteran Elisa Poutanen joins HQLAᵡ
15 March 2021 Luxembourg
Reporter: Alex Pugh

Poutanen joins HQLAᵡ as it continues to expand both its client base and international reach

Global PSSL continues outreach and appointments
15 March 2021 UK
Reporter: Drew Nicol

The ESG-focused not-for-profit has expanded its College of Advisors and is now accepting input from individuals from organisations that engage in securities lending directly, provided they sit outside the lending departments

Alliance of 14 trade body call for CSDR buy-in delay
12 March 2021 UK
Reporter: Drew Nicol

ISLA, ICMA and ISDA are among 14 trade bodies to renew calls for the buy-ins rules to be shelved until "essential" amendments are in place and to give in-scope entities more time to prepare

EC publishes CSDR inception impact assessment
12 March 2021 Belgium
Reporter: Maddie Saghir

The review, which will remain open until 5 April, will assess how well EU rules on central securities depositories are working

Kaizen's David Nowell stepping back
12 March 2021 UK
Reporter: Alex Pugh

The regulatory reporting specialist will join the company’s advisory board

Exclusive: Pirum secures J.P. Morgan as first user of corporate actions service
12 March 2021 UK
Reporter: Drew Nicol

J.P. Morgan Agency Lending becomes the first user of CoacsConnect, a corporate actions processing service that went live this week