Karachi June 26 2022: Pakistan Stock Exchange inform that the PSX regulation grants right to any party to file an application with PSX for conducting arbitration in case of a dispute in connection with trade or transaction or subscription of securities offered through IPO.
Therefore, if any securities broker has a dispute with its customer, which is not settled amicably, it can also file an application with PSX for arbitration. Any such arbitration shall be conducted in accordance with the procedures laid down in Chapter 18 of PSX Rulebook.
The PSX regulation should be read as, “Where a dispute cannot be settled amicably, it must be referred to arbitration. Any party to the dispute may initiate arbitration, in accordance with these Regulations by making an application in writing to the CRO…”