The Pakistan Stock Exchange Limited (PSX) is working relentlessly to provide relief to all victims of M R Securities (SMC-Pvt) Ltd (MRSPL) whose TRE Certificate was forfeited by PSX, due to among other things for its failure to resolve increasing number of clients' complaints.
While the last date for submission of claims against MRSPL is March 31, and claims are still received, PSX has already started the exercise for claim verification and issuance of NOCs to all claimants who have requested to have their available shares transferred from CDC Sub accounts to any other CDC account. It may be noted that so far, PSX has issued NOCs to 69 percent clients of MRSPL who have requested for such transfer of portfolio and as soon as the others are verified and formalities are completed, remaining NOCs shall be issued to bonafide owners of shares. The clients of MRSPL are encouraged to submit their claims with PSX, along-with relevant supporting documentary evidences to substantiate their claims and help PSX to expedite the conclusion of claim verification process to offer fastest relief.-PR
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