ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has approved amendments to the National Clearing Company Pakistan Limited (NCCPL) Regulations 2015 to introduce reforms in Margin Financing (MF) products, which allows securities brokers to provide financing to their customers in a regulated manner, it said on Saturday.
“These reforms will facilitate investors who wish to undertake leveraged trading and need finance for purchasing shares,” the commission said in a statement.
“As a result of these reforms, position limits and exposure limits have been liberalised to allow more liquidity.”
The regulator said MF facility would now also be available to investors against their net purchases at expiry of Deliverable Futures Contracts period, which would facilitate investors to honour their settlement obligations in futures segment, thereby further reducing settlement risk.
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