SECP team visits PSX
\n KARACHI
\nThe Chairman, Securities & Exchange Commission of Pakistan (SECP) Akif Saeed, during his visit to Karachi, met with the management and Board of Directors of Pakistan Stock Exchange (PSX), National Clearing Company of Pakistan Limited (NCCPL) as well as the Executive Committee of Pakistan Stock Brokers Association (PSBA) representing brokerage industry.
\nThe Chairman was accompanied by Commissioner SECP, Abdul Rehman Warraich and the SECP team, including Musarat Jabeen, Executive Director, Chairman\u2019s Secretariat, and Asif Iqbal, Head of Department, PRDD-SMD.
\nThe Chairman SECP and his team were welcomed by the MD & CEO PSX, Mr. Farrukh H. Khan, PSX Board Members and PSX senior management.
\nThe objective of the meeting was to apprise the newly appointed Chairman and the Commissioner, SECP, of the latest capital market developments, current progress, challenges, and to identify areas where focused efforts and mutual cooperation of PSX, the front-line regulator, and SECP, the apex regulator, would be required.
\nThe senior officials of SECP and PSX discussed measures for growth of the capital market, encouraging new listings, enhancing efficiency of the digital onboarding mechanism for investors, and benefiting from the emerging financial technology.
\nThe officials further discussed proposals for reforms in taxation and pension plans, product development, Exchange Traded Funds, derivatives market and fixed income products and the need for adequate training of staff of market intermediaries. Moreover, the possibility of listing CPEC projects at PSX was also deliberated upon.
\nIn a subsequent meeting with Board and senior management of NCCPL during the day, the Chairman and his team were briefed about the ongoing developments and future plans by the NCCPL. Various measures were discussed for bringing reforms in risk management, Shariah-compliant leveraged market products and government debt securities to promote debt market in the country.
\nThe SECP Chairman also stressed upon joint efforts of frontline and apex regulators for investor education to increase investors\u2019 footprints in the capital market.<\/p>\n","protected":false},"excerpt":{"rendered":"
SECP team visits PSX KARACHI The Chairman, Securities & Exchange Commission of Pakistan (SECP) Akif Saeed, during his visit to Karachi, met with the management and Board of Directors of Pakistan Stock Exchange (PSX), National Clearing Company of Pakistan Limited (NCCPL) as well as the Executive Committee of Pakistan Stock Brokers Association (PSBA) representing brokerage […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-305596","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n