CDC accounts: Fee for SMS alerts waived

Published: March 27, 2012

SECP has waived monthly subscription fee for SMS alert facility provided to investor account holders by the CD. PHOTO: FILE

ISLAMABAD: As part of its mandate to provide for increased investor protection and nurture a more informed and vigilant investor community, the Securities and Exchange Commission of Pakistan (SECP) has waived monthly subscription fee for short messaging service (SMS) alert facility provided to investor account holders by the Central Depository Company (CDC).

“This facility gives investors an added level of convenience by providing account information via cellphones through SMS alerts,” SECP said in an announcement on Monday.

SECP said these reform measures will assist in promoting investor confidence, integrity of the market and establishing systems for the protection of capital market investors.

Published in The Express Tribune, March 27th, 2012.

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