ISLAMABAD: The Securities and Change Fee of Pakistan (SECP) organized a workshop for Council Vitality and Financial Journalists (CEEJ) at its headquarters, specializing in the oversight of buying and selling actions on the Pakistan Inventory Change.
The SECP workforce defined that the inventory alternate performs an vital position in capital formation, monetary inclusion and funding diversification. The contributors have been briefed on the buying and selling, clearing, settlement and custody capabilities of the Pakistan Inventory Change, Nationwide Clearing Firm and Central Depository Firm of Pakistan Restricted, collectively known as the Capital Market Infrastructure Establishment (CMII).
The presentation on digital on-line account opening course of highlighted the comfort supplied by the newly launched Centralized Gateway Portal (CGP) for retail buyers throughout all monetary intermediaries ie brokers, asset administration corporations and insurance coverage corporations.
The brand new course of has simplified the method of opening accounts with a number of monetary intermediaries by making certain that many of the required paperwork and particulars can be found within the CGP.
A presentation on market surveillance defined the SECP’s mandate with respect to surveillance. The contributors have been briefed about numerous forms of market abuses like insider buying and selling, market manipulation and so on. and have been briefed about numerous surveillance instruments deployed at SECP and PSX.
Members have been offered with case research to assist them perceive market abuse, significantly insider buying and selling and market manipulation. SECP Commissioner for Securities Markets Abdul Rehman Warraich defined the SECP’s mandate with respect to market supervision and supplied detailed solutions to the questions of the contributors.
