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BNP Paribas Securities (Asia) Ltd
Regulatory Disclosure
BNP Paribas Securities (Asia) Limited (“BNPP SEC ASIA”) publishes below regulatory disclosures, client documents and communications to enable the public and our clients understand some of our key regulatory obligations, as well as our business and services. For additional information please contact your BNPP SEC ASIA representative.
Executive Order 13959
Executive Order 13959, as amended: BNPP clients and counterparties are responsible for ensuring that they comply with applicable provisions of Executive Order 13959 (and any subsequent official guidance).
Best Execution
The following section sets out the order handling and execution policy adopted by BNPP SEC ASIA.
| Policy |
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Order Handling and Execution Policy |
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Order Handling and Execution Policy – Listed Derivatives Instruments Appendix |
Indications of Interest (IOIs)
The document below has been designed to provide clients with information on principles & mechanisms of BNPP SEC ASIA when advertising IOIs in order to protect the interest of clients.
| IOI disclosure |
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Indications of Interest |
Disclosure to clients in Australia
Please be aware that BNPP Sec (Asia) Limited:
- (a) Is exempt from the requirement to hold an Australian Financial Services License; and
- (b) Is regulated by the SFC under HK laws, which differ from Australian laws.
There is no associated change to any aspects of the service provided to you by BNP Paribas Securities (Asia) Limited.
CSDR Article 38(6) Disclosures
The following documents describe the cost structure and the level of protection associated with the two types of segregated securities accounts (omnibus client segregated accounts and individual client segregated accounts) that BNP Paribas Securities (Asia) Limited provides in respect of securities that it holds directly for its clients with Euroclear Bank in accordance with Article 38 of the Central Securities Depository Regulation (CSDR – Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014).
| Disclosures |
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Article 38 CSDR risk disclosure – BNP Paribas Securities (Asia) Limited (Euroclear) |
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Article 38 CSDR costs disclosure |
Alternative Liquidity Pool (ALP) DISCLOSURES
This document sets out the alternative liquidity pool disclosures of BNP Paribas Securities (Asia) Limited (“BNPP Sec Asia”) when handling transactions in cash equities (“the Disclosures”).
BNPP Sec Asia provides electronic trading services to its clients, including its affiliates which take principal or riskless principal positons. Such services enable the access to, and execution of trades via, alternative liquidity pools (“ALPs”), or commonly known as dark pools, operated by other service providersor affiliates of BNPP Sec Asia (collectively referred to as “Third Party ALPs”). The Third Party ALPs can be used by clients, authorized front officers of BNPP Sec Asia (executing on behalf of clients), and affiliates of BNPP Sec Asia (collectively referred to as “users”).
Currently in Asia-Pacific region, BNPP Sec Asia offers access to and interactions with ALPs operated by third party providers in Hong Kong, Japan and Australia.
BNPP Sec Asia does not own, control or operate any of the ALPs provided to users.
| ALP Disclosures |
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BNP Paribas Sec Asia ALP Disclosures |