The Chairman Securities and Exchange Commission of Pakistan (SECP) Muhammad Ali along with his team will visit Karachi Stock Exchange on July 12. The SECP top officials would hold meeting with members and the governing board of directors of KSE to discuss and deliberate all matters of mutual interest for the development of capital market and some market related pending issues that need discussion for their resolution, a KSE notice sent to all member here on Thursday said.
The SECP on its part has sent a list of agenda items for discussion in the said meeting. According to the notice, the most important issue of continuously declining trading volumes would be the top item of the agenda of the said meeting. The agenda of this meeting is as follow:
1. Why are market volumes still dry: How to revive MTS and how to ensure a successful SLB product?
2. NCCPL to function as a Central Counter Party (Establishment of Settlement Guarantee Fund and Shifting of RMS).
3. Development of Derivative Segment.
4. Development of Debt Market.
5. Establishment of a Bond Pricing Agency.
6. Revised Regulatory Regime for Credit Rating Agency.
7. Enhancement of per default contribution from IPF.
8. SME Counter/Exchange.
9. Inter Exchange Trades.
10. Establishment of Securities Investor Protection Corporation.
11. Investor protection (Trade confirmations by stock exchanges).
12. Activation of ETFs and Options.
13. Introduction of Islamic Products and Shariah-Compliant Investment Alternatives.
14. Utilisation of CHPF for Intra-day Margins.
15. Strengthening of surveillance capacity of the stock exchanges and introduction of SPAN Margins.
16. Implementation of the Investor Education Plan.
17. Image building.
18. Integration of Stock Exchanges/Demutualisation Matters.
19. Implementation of effective inspection plan.
20. Broker to broker trading on the same Exchange.
21. Back Office Software.
22. Internet Software to be provided by KSE to its members.