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November 03, 2006 Friday Shawwal 10, 1427



SECP puts off new system


ISLAMABAD, Nov 2: The Securities and Exchange Commission of Pakistan decided on Thursday to delay the much-awaited implementation of a new risk management system till Dec 4, fuelling speculation that the capital markets regulator once again gave in to the mounting pressure from brokers.

The SECP announced a raft of risk management measures, including enhancement of the CFS, after a marathon meeting with the managements of the country’s three stock exchanges and brokers.






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