Regulatory Alerts2025-05-12
Added · Updated
S.R.O. 888 (I)2024 Notification for Pakistan Mercantile Exchange
The Securities and Exchange Commission of Pakistan extends the operating license of Pakistan Mercantile Exchange as a clearing house for futures contracts based on commodities or financial instruments. This authorization remains effective from the expiry of the previous notification period until June 30, 2025. The extension is granted under the Securities and Exchange Commission of Pakistan Act, 1997, and the Futures Market Act, 2016.
GOVERNMENT OF PAKISTAN SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.- NOTIFICATION Islamabad, the 5 th June, 2024 S.R.O. (I)/2024. – In exercise of the powers conferred by section 40B of the Securities and Exchange Commission of Pakistan Act, (XLII of 1997) read with section 22 of the Futures Market Act, 2016 (XIV of 2016), the Securities and Exchange Commission of Pakistan, in continuation of its earlier notification vide S.R.O. 1259 (I)/2017, dated December 14, 2017, is pleased to notify that Pakistan Mercantile Exchange shall continue to operate a clearing facility in respect of futures contracts based on commodities or financial instruments, as a clearing house from the date of expiry of the time period provided in its earlier notification till 30 th June, 2025.
[File No. SY/SECP/8/13]