March 16, 2022 (MLN): Pakistan Stock Exchange (PSX) on Tuesday, has proposed amendments to its regulations and invited public comments in relation to the proposed amendments, a notice issued by the bourse showed today.
In a notice PSX said that in exercise of power conferred upon it u/s7 of the Securities Act, 2015, it is proposing to make amendments to its Regulations In relation to the following matters:
(A) Consolidation of regulatory audits of brokers into Joint Inspection Framework and consequential removal of System Audit and non-technical areas of IBTS Audit of brokers.
(B) Introduction of Regulations governing Listing and Trading of Call Warrants at PSX.
(C) Implementation of certain amendments for enhancement of operational efficiency of PSX.
(D) Empowering PSX to prescribe the manner of conducting an audit of Brokers' Back Office System and Information Technology and Information Security Requirements and to require brokers to ensure that multifactor authentication is in place to use Exchange applications.
(E) Implementation of certain changes in Chapter 5A [Regulations Governing Listing and Trading of Equity Securities on Growth Enterprise Market] of PSX Regulations.
(F) Requiring Listed Companies to disseminate to the Exchange their statement of compliance with the Listed Companies (Code of Corporate Governance) Regulations, 2019, as reported by its statutory auditor in its annual audited report.
The comments can be submitted latest by March 25, 2022, the notice said.
