November 15, 2023 (MLN): The Ministry of Finance has formed a committee, comprising experts from the financial sector, to finalize the modalities for the issuance and trading of government securities on the Pakistan Stock Exchange (PSX), as per a press release issued today.
The Committee, led by Akif Saeed, Chairman of the Securities and Exchange Commission of Pakistan (SECP), is tasked with developing the overall infrastructure for the issuance, registration, trading, and transfer of government debt securities through PSX.
This mandate underscores the Committee's responsibility to establish a robust framework for the entire lifecycle of government debt securities within the PSX.
The committee will work in a manner that instills investor confidence and addresses prevailing operational challenges.
The committee will review and evaluate the operational capabilities of PSX, CDC, and NCCPL and the available infrastructure and trading system for the issuance, registration, and transfer of government debt securities.
It will collaborate with all stakeholders, including the Ministry of Finance, SBP, SECP, and PSX, to provide a seamless integration of existing practices to ensure market integrity and investor protection in trading GDS at PSX.
The committee will also develop proposals for the introduction of an efficient surveillance mechanism and risk management system and propose necessary changes in the regulatory framework.
Copyright Mettis Link News
Posted on:2023-11-15T17:04:49+05:00
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