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SECP puts off new system

Published November 3, 2006
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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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