The amendments will authorise the FBR to directly obtain information from the NCCPL
regarding member, broker and investors of the PSX as well as members of PMEX and unit holders in mutual funds.
The NCS is an effort made by NCCPL
to add to the effectiveness of the capital market operations.
Under the Regulations Governing the Index Options; only the Institutions, TREC Holding Members of PSX and Non-Broker Clearing Member of the NCCPL
that are meeting the conditions set in the eligibility criteria are eligible to become Option Writers for which the main idea is to ensure that the Writer of Option Contracts has sound financial and technical standing to qualify for this mode of trade.
eligible security by the Central Depository Company of Pakistan Limited (CDC) and all the transactions shall be settled through the NCCPL
He said that it's a proud moment for Pakistan and SECP, NCCPL
, CDC and PSX where all worked tirelessly to ensure smooth execution and settlement where JS Global outshined amongst its peers.
shall be settled through the NCCPL
, which has already assigned Company Code/Security Symbol as MUGHAL.
There were some positive triggers; crude oil bounced back above $50; Government lifted the ban imposed on new gas connections to industries; CDC and NCCPL
sent out notices where they have invited brokers and bankers to discuss the potential changes to the in house financing model and lastly there is unofficial news about amnesty scheme being in pipeline.
It said that SECP should ensure that any new exchanges entering the market are provided due access to the clearing and settlement functions, irrespective of the shareholding of PSE in CDC and NCCPL
According to NCCPL
, this initiative was taken in order to ensure timely communication and seamless implementation of above stated measures, the Company had already issued various notices and circulars for creating awareness among market participants in February, 2017.
The CKO shall act as a central repository for KYC information of all clients of market intermediaries and will ensure that KYC data used by CDC, NCCPL
, brokers and traders is verified, well maintained and centralized.
and all the transactions shall be settled through the NCCPL
, which has already assigned Company Code/Security Symbol as SPEL.
PAGE: WHAT ROLE DOES NCCPL
PLAY IN THE FUNCTIONING OF CAPITAL MARKET IN PAKISTAN?