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Monday, July 16th, 2018

SECP approves electronic reporting of unlisted TFCs trades – Alfalah Securities Limited

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Karachi: Securities and Exchange Commission of Pakistan (SECP) has approved amendments to the regulations of the National Clearing Company (NCCPL), providing for electronic reporting of trades executed in unlisted term finance certificates (TFCs).

According to Alfalah Securities Limited, in this regard, financial institutions, mutual funds, brokers and other corporate bodies will be able to report their trades of unlisted TFCs through NCCPL’s reporting platform which will be operational next month. This will not only provide market participants with transparent trading information, but will also assist in price discovery process.

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