SECP approves amendments to NCCPL Regulations

Staff Reporter

The Securities and Exchange Commission of Pakistan (SECP) has made another significant development as it approved amendments to the National Clearing Company Pakistan Limited (NCCPL) Regulations 2015 to introduce reforms in Margin Financing (MF) product which allows securities brokers to provide financing to their customers in a regulated manner.

The amendments will help to facilitate investors who wish to undertake leveraged trading and need finance for purchasing shares.

As a result of these reforms, position limits and exposure limits have been liberalized to allow more liquidity.

MF facility will now also be available to investors against their net purchases at expiry of Deliverable Futures Contracts period which will facilitate investors to honour their settlement obligations in futures segment, thereby further reducing settlement risk.

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