The Securities and Exchange Commission of Pakistan (SECP) has further relaxed regulatory restrictions on the trading facilities of KASB Securities Limited (KSL). The financially-troubled KSL has got a green signal from the apex regulator to execute IDS (Institutional Delivery System) transactions of its institutional clients as per regulatory framework of the National Clearing Company of Pakistan Limited (NCCPL).
The KSL, a recent SECP notification directed KSE, should have no restriction to obtain any affirmation not later than one hour before the market closure against margin deposit of up to Rs 100 million.
"The subject exposure margins should be deposited by KSL from its own resources or by collection from subject NBCM client," the regulator said. All other conditions imposed, it said, would stay valid, however.
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