SECP outlines initiatives for development of capital markets
Urges stakeholders to work in coordinated manner.
SECP Chairperson stressed on providing a bouquet of capital market products and services which match the needs and risk appetites of various strata of investors.
ISLAMABAD:
Securities and Exchange Commission of Pakistan (SECP) Chairman Muhammad Ali on Thursday outlined the initiatives taken by the authority to develop capital markets, including investor education and awareness programmes, infrastructure development and widening of distribution networks by capitalising on automation and encouraging a sub-broker regime.
He announced the initiatives while speaking at the Charter Awards Ceremony of the Chartered Financial Analyst (CFA) Society Pakistan, said a statement issued by the commission here on Thursday said. Ali congratulated new CFA charter holders on earning the prestigious CFA designation.
While welcoming the new charter holders to the investment community, the SECP chairman informed those attending the event of the capital market development initiatives taken by the SECP, keeping in mind the five areas of market development which SECP has identified as being essential for the development of Pakistan’s capital markets.
He stressed that it is important to note that we need to work simultaneously on all aspects for effective implementation. He also stressed on providing a bouquet of capital market products and services which match the needs and risk appetites of various strata of investors; the better enforcement by establishing standards of governance across the capital markets; ensuring that the market participants follow the best practices; working on human resource capacity building; and establishing standards of ethical conduct for market participants through certification.
Published in The Express Tribune, January 18th, 2013.
Like Business on Facebook to stay informed and join in the conversation.
Securities and Exchange Commission of Pakistan (SECP) Chairman Muhammad Ali on Thursday outlined the initiatives taken by the authority to develop capital markets, including investor education and awareness programmes, infrastructure development and widening of distribution networks by capitalising on automation and encouraging a sub-broker regime.
He announced the initiatives while speaking at the Charter Awards Ceremony of the Chartered Financial Analyst (CFA) Society Pakistan, said a statement issued by the commission here on Thursday said. Ali congratulated new CFA charter holders on earning the prestigious CFA designation.
While welcoming the new charter holders to the investment community, the SECP chairman informed those attending the event of the capital market development initiatives taken by the SECP, keeping in mind the five areas of market development which SECP has identified as being essential for the development of Pakistan’s capital markets.
He stressed that it is important to note that we need to work simultaneously on all aspects for effective implementation. He also stressed on providing a bouquet of capital market products and services which match the needs and risk appetites of various strata of investors; the better enforcement by establishing standards of governance across the capital markets; ensuring that the market participants follow the best practices; working on human resource capacity building; and establishing standards of ethical conduct for market participants through certification.
Published in The Express Tribune, January 18th, 2013.
Like Business on Facebook to stay informed and join in the conversation.