ANL 11.10 Increased By ▲ 0.57 (5.41%)
ASC 10.07 Increased By ▲ 0.46 (4.79%)
ASL 10.95 Increased By ▲ 0.41 (3.89%)
AVN 73.31 Increased By ▲ 4.31 (6.25%)
BOP 5.99 Increased By ▲ 0.08 (1.35%)
CNERGY 5.23 Decreased By ▼ -0.04 (-0.76%)
FFL 6.85 Increased By ▲ 0.30 (4.58%)
FNEL 6.20 Increased By ▲ 0.17 (2.82%)
GGGL 12.33 Increased By ▲ 0.93 (8.16%)
GGL 16.41 Increased By ▲ 1.21 (7.96%)
GTECH 9.81 Increased By ▲ 0.64 (6.98%)
HUMNL 6.62 Increased By ▲ 0.23 (3.6%)
KEL 2.59 Increased By ▲ 0.04 (1.57%)
KOSM 3.06 Increased By ▲ 0.17 (5.88%)
MLCF 28.85 Increased By ▲ 0.92 (3.29%)
PACE 3.23 Increased By ▲ 0.19 (6.25%)
PIBTL 6.10 Increased By ▲ 0.08 (1.33%)
PRL 15.23 Increased By ▲ 0.08 (0.53%)
PTC 7.19 Increased By ▲ 0.32 (4.66%)
SILK 1.10 Increased By ▲ 0.07 (6.8%)
SNGP 26.20 Increased By ▲ 0.07 (0.27%)
TELE 11.06 Increased By ▲ 0.88 (8.64%)
TPL 9.40 Increased By ▲ 0.52 (5.86%)
TPLP 16.30 Increased By ▲ 0.66 (4.22%)
TREET 30.16 Increased By ▲ 0.16 (0.53%)
TRG 76.77 Increased By ▲ 1.52 (2.02%)
UNITY 23.21 Increased By ▲ 1.51 (6.96%)
WAVES 13.25 Increased By ▲ 0.65 (5.16%)
WTL 1.54 Increased By ▲ 0.06 (4.05%)
YOUW 5.05 Increased By ▲ 0.24 (4.99%)
BR100 4,277 Increased By 51.3 (1.21%)
BR30 14,956 Increased By 482.5 (3.33%)
KSE100 43,027 Increased By 300.8 (0.7%)
KSE30 16,360 Increased By 114 (0.7%)
Markets

SECP issues warning letters to stock exchanges’ members

ISLAMABAD : The Securities and Exchange Commission of Pakistan issued four warning letters to the members of stock exc
15 Aug, 2011

Securities and Exchange Commission of Pakistan ISLAMABAD: The Securities and Exchange Commission of Pakistan issued four warning letters to the members of stock exchanges for operational malpractices in July.

Moreover, five warning letters were issued to beneficial owners of the listed companies for late filing of returns. In addition, six show-cause notices were served on the beneficial owners of the listed companies under Section 224 (4) of the 1984 Companies Ordinance.

A show-cause notice was also issued to a brokerage house for a violation of the 2001 Brokers and Agents Registration Rules.
The prevailing regulatory framework is continuously being improved for the development of a conducive market. In this regard, seven amendments were approved to the existing regulations.
The SECP also granted approval to Engro Powergen Qadirpur Limited under its Employees Stock Option Scheme to incorporate certain amendments into its scheme.
During the month, the SECP resolved seven complaints pertaining to the brokers/ exchanges and one complaint pertaining to companies.

 

Copyright NNI (News Network International), 2010

 

Comments

Comments are closed.