Leading the Way

Global Securities Finance News and Commentary

Regulation news

HQLA^x receives No-Action Letter from SEC staff

06 May 2026 US
Reporter: Hansa Tote

The letter from the US Securities and Exchange Commission Division of Trading and Markets staff permits HQLA^x to offer its collateral mobility services to qualified US broker‑dealers and banks

SEC issues new US Treasury clearing requests for public comment

21 April 2026 US
Reporter: Carmella Haswell

As both SIFMA’s and IIB’s requests for relief may intersect in important ways, the SEC deems it appropriate to solicit further public input

HKEX releases paper on T+1 move for cash markets

20 April 2026 Hong Kong
Reporter: Carmella Haswell

The stock exchange asks market participants to review their securities and money-side activities, such as securities borrowing and lending, to support a T+1 move

DTCC and CME Group receive regulatory approvals

16 April 2026 US
Reporter: Hansa Tote

FCA introduces clearer and simpler short selling rules

16 April 2026 UK
Reporter: Hansa Tote

SEC permits customer cross-margining in US Treasury market

16 April 2026 US
Reporter: Carmella Haswell

The conditional exemptive order is designed to permit customer cross-margining of cash market positions in US Treasury securities cleared by a registered clearing agency

Muqassa continues compliance with the PFMI

08 April 2026 Saudi Arabia
Reporter: Hansa Tote

The continuation follows a review by Muqassa and Thomas Murray in line with CPMI-IOSCO self-assessment, where financial market infrastructures evaluate their compliance with the 24 principles

SEC issues interpretive relief on Rule 15c3-3

31 March 2026 US
Reporter: Hansa Tote

In the new exemptive order, the SEC allows broker-dealers to pledge baskets of liquid equity securities as collateral when borrowing equity securities from customers under a ‘fully-paid borrow’

Turkey extends short selling ban

31 March 2026 Turkey
Reporter: Hansa Tote

The CMB says the original ban was imposed on 15 March 2026 to ensure the functioning of capital markets in a reliable, transparent, and stable environment