PASLA was incorporated in Hong Kong in 1995 and is made up by an association of firms that are active in the business of borrowing and/or lending securities of Asian markets.
As of end of 2020, PASLA has 64 member firms who are domiciled across five continents. PASLA Membership is open to both "international" firms, which are active in several markets, and "local" firms, which are active primarily in their home market.
PASLA's aims are to:
• To represent the common interests of institutions engaged in the lending or borrowing of securities in the Asian and International securities lending markets.
• Assist in the orderly, efficient and competitive development of these markets.
• Establish agreed global standards and good working practices taking into account local regulations.
• Liaise with Regulators and other organisations to promote and develop appropriate regulatory frameworks for the industry.
• To develop and maintain a standardised legal agreements for use in the securities lending industry.
PASLA Executive Committee meets as and when required, the meetings are open to the General Membership. Meetings are held in Hong Kong and members from other countries can be conferenced in upon request.
