Review: SECP forms body to resolve issues

Published: January 21, 2017
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KARACHI: The Securities and Exchange Commission of Pakistan (SECP) on Friday said that it has constituted a committee comprising of senior market professionals to review the matters of in-house financing and identification of any issues, inefficiencies or hurdles in the existing leverage products.

The committee was constituted with the consultation of relevant stakeholders, according to a press release.

The committee has been mandated to make recommendations for practical and viable solutions to meet the needs of market participants in relation to financing through brokers. The committee held its first meeting on Friday at the SECP’s Karachi office.

It was agreed that international practices should be reviewed for extension of financing to clients in the capital markets by and through brokers to identify best practices.

Published in The Express Tribune, January 21st, 2017.

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