The Securities and Exchange Commission of Pakistan (SECP) held a series of meetings with Pakistan Stock Exchange (PSX), National Clearing Company of Pakistan Limited (NCCPL), Pakistan Mercantile Exchange (PMEX) and the Mutual Funds Association of Pakistan (MUFAP) to review their three-year strategic plans and align priorities for capital market development, including a move to a T+1 settlement cycle. PSX presented a plan centred on governance, operational excellence and market development, with SECP emphasising the need for new products, a broader investor base and more initial public offerings. For NCCPL, SECP stressed a smooth transition to T+1 by the end of May 2025 and discussed deeper participation by financial institutions, reforms to the margining regime and awareness sessions for wider market outreach. PMEX discussions focused on the commodities market strategy, covering the risk management regime, internal governance, warehousing infrastructure and development of agricultural commodities futures and a spot market, while the MUFAP meeting considered the mutual funds industry’s role and recent reforms under the Non-Banking Finance Companies Regulations, 2008.
Securites & Exchange Commission of Pakistan 2025-01-17
Securities and Exchange Commission of Pakistan aligns capital market infrastructure three-year plans and targets end-May 2025 transition to T+1 settlement
The Securities and Exchange Commission of Pakistan (SECP) engaged with key financial entities on capital market strategies, including transitioning to a T+1 settlement cycle. Discussions with the Pakistan Stock Exchange emphasized governance and market development, while the National Clearing Company of Pakistan Limited focused on T+1 transition and margining reforms. Meetings with the Pakistan Mercantile Exchange and Mutual Funds Association of Pakistan addressed commodities market strategy and mutual funds industry reforms.