The Securities and Exchange Commission of Pakistan (SECP) has allowed Pakistan Mercantile Exchange Limited to operate a clearing facility pertaining to the futures contracts based on commodities or financial instruments, as a clearing house, for a period of three years with effect from June 15, 2017.
According to the SRO 1259(1)/2017 issued by the SECP here on Tuesday, in exercise of the powers conferred by section 22 of the Futures Market Act, 2016(XIV of 2016), the Securities and Exchange Commission of Pakistan is pleased to notify Pakistan Mercantile Exchange Limited is allowed under the said section to operate as a clearing facility in respect of futures contracts based on commodities or financial instruments, as a clearing house, for a period of three years with effect from 15th June, 2017.