No trading in listed certificates after April: SECP

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has announced that no trading in listed term finance certificates (TFCs) outside Bonds Automated Trading System (Bats) will be allowed beyond April 30.

The timeline has been fixed to ensure a smooth transition and achieve a milestone set as part of a long-term roadmap for the development of debt capital market in the country, SECP said on Tuesday.

For the development and growth of the debt capital market, SECP earlier this year constituted a stakeholder committee to identify long-term sustainable solutions to encourage trading activity on Bats at the stock exchanges.

Published in The Express Tribune, February 16^th, 2011.