SECP seeks feedback on margin financing report.ISLAMABAD, June 19, 2009 (Balochistan Times) --The Securities and Exchange Commission of Pakistan The Securities and Exchange Commission of Pakistan (SECP) is an organization whose purpose is to develop a modern and efficient corporate sector and a capital market based on sound regulatory principles, in order to foster economic growth and prosperity in Pakistan. (SECP SECP Securities and Exchange Commission of Pakistan
SECP Software Engineering Change Proposal ) here on Friday urged upon stakeholders to submit their feedback on Margin Financing Report by June 25. The Consultative Group on Capital Markets under the chairmanship of Aftab Ahmed Dewan de·wan
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The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Central Depository Company of Pakistan Limited, had submitted its first Report on Margin Financing earlier this month. SECP in an effort to develop consensus of the relevant stakeholders on the recommendations of the Group, forwarded the report for the feedback of various institutions. These institutions included State Bank of Pakistan The State Bank of Pakistan (SBP) is the central bank of Pakistan. While its constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until January 1, 1974, when the bank was nationalised, the scope of its functions was , Mutual Funds Association of Pakistan, Pakistan Banks Association, Investment Banks Association of Pakistan Leasing Association of Pakistan, Modaraba Association of Pakistan, the three stock exchanges, National Clearing Company of Pakistan Limited and the Central Depository Company. The Report is also available on the official website of SECP and comments can be mailed directly to email@example.com latest by June 25, 2009. All market participants are encouraged to give feedback through their respective association/organization. As communicated earlier by the SECP, the report contains purely the recommendations of the Group and does not reflect the views/proposals of the SECP. The SECP would review the recommendations of the Group in light of the feedback received from of the stakeholders.
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