After assessing situation at the stock market in Karachi on Friday, senior officials of the Securities and Exchange Commission of Pakistan (SECP) observed that its risk management system was functioning efficiently and margins were being collected timely.
During a meeting, heads of the Self Regulatory Organisations (SROs) — which include the Pakistan Stock Exchange, National Clearing Company and Central Depository Company — told the SECP officials that their business continuity plans and disaster recovery set-up were in place as per the commission’s earlier instructions.
The SECP team that visited the stock market in Karachi was led by its chairman Amir Khan and included Shauzab Ali, commissioner of securities market division.
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