KARACHI: The National Clearing Company of Pakistan Limited (NCCPL) has directed all Securities Brokers (SBs) and Professional Clearing Members (PCMs) to submit their audited or reviewed Liquid Capital (LC) statements as of June 30, 2025.
SBs and PCMs with a June 30 year-end must provide external auditor-reviewed LC statements by October 31, 2025. Those with a December 31 year-end are required to submit their annual audited financial statements, including LC statements, by September 16, 2025.
NCCPL clarified that exposure will be determined based on the lower of the audited or unaudited LC statements submitted under the NCCPL Regulations 2015.
The notice warned that failure to meet submission deadlines or any shortfall in liquid capital would trigger enforcement under the Securities Brokers (Licensing & Operation) Regulations, 2016. In such cases, trading facilities of the non-compliant broker will be restricted to closing open positions only.
SBs are also required to continue submitting monthly unaudited LC statements to the exchange and clearing house, while PCMs must comply with the NCCPL Regulations 2015.
Submissions will be accepted during business hours up to 5:30 PM, with system adjustments completed within two working days.
