PSX issues deadline for securities brokers’ LC statements

MG News | August 13, 2024 at 10:09 AM GMT+05:00

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August 13, 2024 (MLN): The Pakistan Stock Exchange (PSX) has issued the deadline for Securities Brokers and Professional Clearing Members to submit their Audited/ Reviewed (whichever is applicable) Liquid Capital statement.

In light of the above, Securities Brokers, whose financial year-end is December 31, are required to submit their half-yearly LC statements as of June 30, 2024, reviewed by their statutory auditors latest by September 16, 2024.

The Securities Brokers, whose financial year-end is June 30, are required to disclose the calculation of their LC in their annual audited financial statements, which required to be submitted with PSX latest by October 31, 2024.

Furthermore, it must be noted that, in case of any difference between the reviewed/audited and relevant monthly LC statement, the concerned Securities Broker must submit the reason(s) for such difference to PSX.

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