SECP directive to clearing houses

26 Nov, 2020

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has made it compulsory for the licensed clearing house to maintain paid-up capital of Rs1.00 billion at all times and net worth of Rs2.00 billion by June 30, 2023.

In this connection, the SECP has issued SRO 1252(I)/2020, here on Wednesday.

Copyright Business Recorder, 2020

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