ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) organised an open house session for all brokers of the Lahore Stock Exchange (LSE) and Islamabad Stock Exchange (ISE) on the draft Securities Broker Regulations, 2015. SECP Commissioner Akif Saeed briefed that the draft regulations were notified only for seeking feedback of the stakeholders at this stage and will be implemented in a phased manner. The SECP has already extended the date for submission of the written feedback on the regulations till December 7, 2015 after which discussions will be held with stakeholders to finalise implementation modalities so as to ensure smooth transition of brokers from existing regime to the new regime. The SECP also emphasised upon the need to introduce measures for enhanced market outreach which include expansion of broker branch networks, setting up of capital market hubs in various cities and introducing reforms for building investors’ confidence.
Published in The Express Tribune, November 25th, 2015.
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