Compliance for Stock Exchange Broker 2/2

in All Articles, Company Briefing, Corporate Laws, Stock Exchange

Compliance for Stock Exchange Broker 1/2 Compliance for Stock Exchange Broker Continued Part of Regulatory Compliance applicable for Stock Exchange Broker as follows. Compliance on Leveraged Trading The Broker must ensure that no transaction is executed in the leveraged market unless an appropriate agreement has been executed and; The Broker has; Fully disclosed all the risks involved in the relevant transactions. Explained all the options to the client in respect of various financing facilities. Evaluated credit worthiness of the client. Maintained adequate records of agreement, disclosure of risks and explanation of available options. Compliance on Trading by employees Broker must ensure that it has given...

15 January 2021

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PRICE-SENSITIVE INFORMATION

Posted by Ali Murtaza

in All Articles, Corporate Laws, Stock Exchange

Rules 5.6.1 of Pakistan Stock Exchange (PSX) requires each listed company to give notice to SECP and PSX for all price sensitive information. Every Listed Company shall immediately inform to the Commission (SECP) and the Exchange (PSX) all price-sensitive information relating to the business and other affairs of the listed company that may affect the share price of the company in the manner prescribed by the Exchange from time to time. When to share The said information needs to be communicated to the Exchange before it is intimated to any other person or it is printed in newspaper or shown in electronic media. What...

15 January 2021

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Compliance for Stock Exchange Broker 1/2

Posted by Ali Murtaza

in All Articles, Company Briefing, Stock Exchange

Compliance for Stock Exchange Broker We have compiled Regulatory Compliance applicable for Stock Exchange Broker as follows. Compliance at client level Confirmations of the orders by the clients are required to be transmitted within 24 hours of the execution of the order. The Broker must not pledged any of the shares of the client. The Broker must compiled with all the requirements of Standardized Account Opening Form. All transactions by the clients in terms of buying, selling, payments, receipts, margins, commission are recorded in in books of accounts on timely, adequately and proper manner. Maintenance of record of credit and extension of...

27 December 2020

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Corporate Briefing Session (CBS)

Posted by Ali Murtaza

in All Articles, Stock Exchange

The objective of corporate briefing session is to provide suitable and equitable flow of information to shareholders, market analysts and investors. Mandatory requirement for all listed companies: As per PSX Notices and SECP directives, it is mandatory to hold one Corporate Briefing Session (CBS) during the whole financial year by all listed companies including Modarbas and Close End Mutual Funds. What shall be in corporate briefing session (CBS)? Suggested content for CBS shall be; Company Brief: Brief description of company business. Strategic / Operational Developments: Strategic Plans and developments, upcoming projects, forecasts. Financial Details: These include balance sheet, profit & loss, cash flow statement and notes to...