Linkages
Securities and Exchange Commission of Pakistan (SECP) www.secp.gov.pk
The Securities and Exchange Commission of Pakistan (SECP) was set up in pursuance of the Securities and Exchange Commission of Pakistan Act, 1997 and became operational on January 1, 1999. It has investigative and enforcement powers.
The current mandate of the SECP includes the following:
- Regulation of corporate sector and capital market
- Supervision and regulation of insurance companies
- Supervision and regulation non-banking finance companies and private pensions schemes
- Oversight of various external service providers to the corporate and financial sectors, including chartered accountants, credit rating agencies, corporate secretaries, brokers, surveyors etc.
Pakistan Stock Exchange (PSX) www.psx.com.pk
The Pakistan Stock Exchange serves as the principal platform for trading of listed securities. Established in 1949 as The Karachi Stock Exchange which was later merged with Lahore and Islamabad Stock Exchanges, PSX serves as a marketplace to cater to the increasing trade operations and promoting transparency for the large spectrum of brokers, trading community and listed companies. PSX is not only a major shareholder but also partners with CDC for investor awareness, protection and cultivation initiatives across Pakistan.
National Clearing Company of Pakistan Limited (NCCPL) www.nccpl.com.pk
Formulated under CDC’s supervision, and now led by an independent management, National Clearing Company operates the National Clearing and Settlement System (NCSS), another capital market infrastructure mechanism that provides clearing and settlement services to the stock exchange for trades in eligible securities.
Mutual Funds Association of Pakistan (MUFAP) www.mufap.com.pk
Mutual Funds Association of Pakistan (MUFAP) is the trade body for the country’s asset management industry. The Association encourages investment in mutual and pension funds and promotes generating public’s understanding of this investment medium. CDC collaborates with MUFAP to organize awareness workshops on investment in mutual and pension funds.