The tax sub-committee has requested a technical interpretation from the Rulings Directorate of the Canada Revenue Agency (“CRA”) to confirm that Canadian witholding tax does not arise in respect of certain manufactured dividends/substitute payments (“Compensation Payments”) paid by a Canadian borrower to a non-resident lender under a securities lending arrangement.
CASLA partners with FinTuition on “Introduction to Securities Lending” course. Read the full press release
CASLA President Robert Chiuch speaks to Securities Lending Times about the association’s role, Canada’s strengths and teh uncertainty over forthcoming regulation. Read the full publication
Joint submission from ISLA, LIBA, PASLA, RMA and SIFMA in response to the IOSCO consultation paper on the regulation of short selling, which was sent on 1 May 2009, courtesy of ISLA (PDF format).
Hong Kong SFC Research confirms benefits of short selling (PDF format).
Today, CIBC Mellon, Northern Trust, RBC Investor Services and State Street Corporation announced the formation of the Canadian Securities Lending Association (CASLA) to advocate on behalf of all securities lending market participants in Canada. Read the full press release
Securities Lending Yearbook
An Introduction to Securities Lending, Canada (PDF format).
