Deakin University
Browse

File(s) under permanent embargo

The legal structure and regulation of securities lending

educational resource
posted on 2014-05-01, 00:00 authored by Ben SaundersBen Saunders, P Ali,, I Ramsay,
This paper examines the legal structure of securities lending in Australia, and also Europe, the United
Kingdom and United States. It provides an analysis of the widely used industry documents, the Australian
Master Securities Lending Agreement and the Global Master Securities Lending Agreement (GMSLA). It
outlines the regulation of securities lending and short selling, including restrictions on short selling and
the applicable disclosure requirements. It discusses the collapse of Opes Prime and the key Federal Court
decision which considered the legal effect of the AMSLA. It also outlines the regulatory responses to
securities lending and short selling taken by IOSCO, in Europe, the United States and the United Kingdom during the global financial crisis.

History

Series

research working paper series

Publisher

Centre for International Finance and Regulation

Place of publication

Sydney, N.S.W.

Material type

reporting

Resource type

working paper

Language

eng

Publication classification

A6.1 Research report/technical paper

Copyright notice

2014, Centre for International Finance and Regulation

Extent

Working Paper No 22

Usage metrics

    Research Publications

    Categories

    No categories selected

    Keywords

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC