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NAB cell to counter terror financing, money laundering - Newspaper

A logo of the National Accountability Bureau (NAB) is seen on the main entrance of their office in Karachi, Pakistan. Reuters/File ISLAMABAD: The National Accountability Bureau (NAB) has established the Anti-Money Laundering and Combating the Financing of Terrorism (AML&CFT) cell to check financial crimes and illegal transfer of resources. However, the main responsibility to investigate terror financing cases will still lie with the Federal Investigation Agency (FIA). A senior official of the anti-graft watchdog told Dawn that the AML&CFT cell would coordinate with the Financial Action Task Force (FATF) Secretariat and stakeholders concerned to curb money laundering and terror financing.

SECP approves amendments for reforms in margin financing

Daily Times July 5, 2021 The Securities and Exchange Commission of Pakistan (SECP) has 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. According to a statement, these reforms will 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 liberalised to allow more liquidity. Margin financing 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.

SECP amends NCCPL rules

SECP amends NCCPL rules July 4, 2021 ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has approved amendments to the National Clearing Company Pakistan Limited (NCCPL) Regulations 2015 to introduce reforms in Margin Financing (MF) products, which allows securities brokers to provide financing to their customers in a regulated manner, it said on Saturday. “These reforms will facilitate investors who wish to undertake leveraged trading and need finance for purchasing shares,” the commission said in a statement. “As a result of these reforms, position limits and exposure limits have been liberalised to allow more liquidity.” The regulator said MF facility would now also be available to investors against their net purchases at expiry of Deliverable Futures Contracts period, which would facilitate investors to honour their settlement obligations in futures segment, thereby further reducing settlement risk.

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