Stock market : SECP takes steps to boost trade
The SECP has also agreed to allow roll-over facility.
ISLAMABAD:
The Securities and Exchange Commission Pakistan (SECP) has approved various regulatory measures in a move to facilitate market participants at the capital markets of the country. In order to support enhanced trading activity in the deliverable futures market and facilitating market participants, the condition of basic deposit of Rs500,000 by brokers has been waived. Also, exposure margins requirement in the said market has been changed to permit 50% to be deposited in cash and 50% in the form of eligible securities, whereas mark-to-market losses will continue to be deposited in the form of cash, said a statement issued on Tuesday. The SECP has also agreed to allow roll-over facility in the deliverable futures from one contract to another during the overlapping period.
Published in The Express Tribune, July 20th, 2011.
The Securities and Exchange Commission Pakistan (SECP) has approved various regulatory measures in a move to facilitate market participants at the capital markets of the country. In order to support enhanced trading activity in the deliverable futures market and facilitating market participants, the condition of basic deposit of Rs500,000 by brokers has been waived. Also, exposure margins requirement in the said market has been changed to permit 50% to be deposited in cash and 50% in the form of eligible securities, whereas mark-to-market losses will continue to be deposited in the form of cash, said a statement issued on Tuesday. The SECP has also agreed to allow roll-over facility in the deliverable futures from one contract to another during the overlapping period.
Published in The Express Tribune, July 20th, 2011.