Islamabad January 2 2025: The Securities and Exchange Commission of Pakistan (SECP) has announced the cancellation of securities broker licenses for four TRE Certificate Holders of the Pakistan Stock Exchange (PSX).
The affected entities include First Choice Securities Limited, which voluntarily surrendered its TRE Certificate, leading to the deactivation of its trading terminals. Similarly, Surmawala Securities (Private) Limited applied for the voluntary surrender of its TRE Certificate and did not seek a renewal of its broker license. As a result, its trading terminals were also deactivated.
First National Equities Limited faced suspension of its license due to a regulatory breach and did not apply for license renewal, prompting the suspension of its trading terminals by the PSX. Lastly, Falik Capital (Private) Limited encountered similar consequences, as its license was suspended for a regulatory breach. Additionally, it applied for the voluntary surrender of its TRE Certificate and failed to renew its broker license, leading to the suspension of its trading terminals by the PSX.
