SECP to Conduct Awareness Sessions to Review In-House Financing

In the recent notice to Clearing Members / Settling Banks, Pakistan Stock exchange in collaboration with National Clearing Company of Pakistan Limited (NCCPL) and Central Depository Company of Pakistan Limited (CDC) will conduct awareness sessions to review In-house Financing.

The Securities and Exchange Commission of Pakistan (SECP) constituted a Committee with the mandate to review the matter of in-house financing and to provide recommendations for viable solutions to cater needs of market participants in relation to financing by Brokers. Accordingly, such Committee has submitted its report to SECP and recommended few changes which also include recommendations for the enhancement in the existing Margin Financing System (MFS).

For the awareness of the market participants pertaining to the Committees recommendations, National Clearing Company of Pakistan Limited (NCCPL), Pakistan Stock Exchange (PSX) and Central Depository Company of Pakistan Limited (CDC) has arranged joint awareness sessions for the Broker Clearing Members and Banks.

The first session will be conducted on Thursday, 13th April, 2017 at PSX Auditorium, Karachi as per notice.