SECP, PSX hold broker compliance webinar

The Securities and Exchange Commission of Pakistan (SECP), in partnership with the Pakistan Stock Exchange (PSX), organized a webinar aimed at reinforcing transparency, regulatory compliance, and market integrity within Pakistan’s capital market. The session, titled "Promoting Transparency and Market Integrity: Prudential and AML/CFT Compliances," formed part of the regulator’s broader efforts to enhance governance standards and protect investors by improving compliance among securities brokers. Senior SECP officials briefed participants on the regulatory responsibilities of securities brokers under the Securities Act, 2015, and the Securities Brokers (Licensing and Operations) Regulations, 2016. The discussion covered key obligations, including maintaining a valid brokerage license, operating within the approved regulatory framework, safeguarding and segregating clients’ assets, ensuring adequate capital and financial resources, maintaining proper accounting records and audit trails, and implementing effective internal controls, compliance systems, and investor complaint-handling mechanisms.