Pakistan Stock Exchange (PSX) has suspended the TRE Certificate of M/s Reliance Securities Limited with immediate effect. A notice issued by Abbas Mirza, General Manager and Acting Chief Regulatory Officer PSX said that the TRE Certificate of M/s Reliance Securities Limited has been suspended with immediate effect under clause 20.15(d) of PSX Regulations in compliance with the requirements of clause 20.1.1 of PSX Regulations on account of their multiple regulatory non-compliances including non-implementation of arbitration award and non-resolution of investors' complaints despite lapse of considerable time.
"It must be noted that the above suspension is without prejudice to the powers of PSX to forfeit/cancel the TRE Certificate of Reliance Securities in case of its failure to remove the causes of suspension within 30 days as specified in the Enforcement Order," the notice said.
"It must be noted that suspension of TRE Certificate of Reliance Securities does not affect the rights of its creditors and clients in any manner and the concerned suspended TRE Certificate Holder remains responsible for discharging all its financial obligations," it added.
Comments
Comments are closed.