ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Wednesday held a workshop for Council Energy and Economic Journalists (CEEJ) at its head office in Islamabad, focusing on oversight of trading activities at the Pakistan Stock Exchange.
The SECP team explained that the stock exchange plays a crucial role in capital formation, financial inclusion, and diversification of investments.
The participants were briefed on the trading, settlement, clearing, and custodial functions of the Pakistan Stock Exchange, the Central Depository Company of Pakistan Limited, and the National Clearing Company, collectively referred to as Capital Market Infrastructure Institutions (CMIIs).
The presentation on the digital online account opening process stressed the convenience offered by the newly introduced Centralized Gateway Portal for retail investors across all financial intermediaries i.e., brokers, insurance companies, and asset management companies. The new process has simplified the process for opening accounts with multiple financial intermediaries by ensuring that most of the required documents and details are available in the CGP.
Other Presentations in Workshop
The presentation on market surveillance explained SECP’s mandate with respect to surveillance. Participants were informed about various types of market abuse, such as insider trading, market manipulation etc. and briefed about different tools for surveillance that have been deployed at SECP and PSX.
Case studies were presented to participants to help them develop an understanding of market abuses, particularly insider trading and market manipulation.
SECP’s Commissioner Securities Markets, Abdul Rehman Warraich explained the mandate of the Securities and Exchange Commission of Pakistan with regard to market surveillance and provided detailed answers to the participant’s questions.
