Securities and Exchange Commission of Pakistan (SECP) Chairman Razi-ur-Rehman Khan has said implementation of the CFS Mk-II at the stock exchange will be announced very soon. He said this while talking to media at the launching of Financial Institutions' Margining System (FIMS), organised by National Clearing Company of Pakistan (NCCPL) here on Monday.
The SECP Chairman said that arrangements had been finalised to launch the CFS Mk-II, following a meeting with the management of stock exchange. He said that the product would be launched after three to four week of its formal announcement.
Earlier while speaking at the ceremony, Razi-ur-Rehman said that the NCCPL had launched the FIMS, which was a historic milestone. After the launching of this product, the investors could get more facilities and their capacity would be increased. He asked the stock exchange to work for launching of guarantee products. He appreciated the efforts of NCCPL, and said that the company was playing an important role in the capital market.