Karachi March 9 2022: Securities and Exchange Commission of Pakistan has made amendments to the Securities Brokers (Licensing and Operations) Regulations, 2016.
As per the amendments, the revised Net Worth requirement for Trading and Self Clearing category of securities brokers shall be increased to rupees 60 million with effect from April 01, 2022 and shall be further increased to rupees 75 million with effect from April 01, 2023 or such extended dates as specified by the Commission.”
Accordingly, all Trading and Self Clearing category brokers shall be required to comply with the minimum Net Worth requirement of PKR 60 million with effect from April 01, 2022.
