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 to read the full update.
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
IIROC updates Short Selling Requirements: Please click on CASLA Reference Library for more details.
CASLA agrees to participate in Bank of Canada market consultancy initiatives on a go forward basis.
ISF Canadian Roundtable Article added to CASLA Reference Library for member review
We are pleased to announce Reeve Serman as the newly elected president of CASLA
CASLA welcomes newly elected Board members.
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