PAKISTAN: PSX Proposes Amendments to Regulations in Relation to CCPF

Tuesday April 23 2024

On 23^rd April 2024, Pakistan Stock Exchange (PSX) has proposed amendments to PSX Regulations relating to the following matter:

Enhancement of per-claimant disbursement limit and introduction of per-broker limit under Centralized Customers Protection Compensation Fund (CCPF) Regulations of PSX.

• As per Chapter 24 CCPF of PSX Regulations, disbursement of up to PKR 500,000 is permitted to be made to each approved claimant of a defaulted or forfeited securities broker from CCPF in case of shortfall.
• In the interests of affected customers of a defaulted securities broker, PSX is proposing to apply a dynamic approach when it comes to disbursing funds from CCPF. According to the proposal, the existing per-customer disbursement limit is recommended to be enhanced from the existing maximum limit of PKR 500,000 to PKR 700,000. Besides, the per-broker limit of PKR 35 million is also proposed to be introduced.

The comments can be submitted by 30^th April 2024 on the proposed amendments to PSX Regulation.

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