Regulatory Alerts2022-10-06
Added · Updated
Securities Brokers (Licensing and Operations) Regulations 2016
The Securities and Exchange Commission of Pakistan establishes licensing requirements, operational categories, and financial resource thresholds for securities brokers. The regulations define four broker categories—Trading Only, Online-Only, Trading and Self-Clearing, and Trading and Clearing—with specific net worth and net capital balance mandates, such as PKR 500 million for Trading and Clearing brokers. Existing brokers are required to convert to these categories by July 15, 2020, and comply with enhanced financial resource requirements by October 1, 2020, or face trading restrictions and license suspension. The document also sets limits on assets under custody based on net worth and prohibits unlicensed entities from acting as securities brokers.