Internet trading regulations approved for KSE – Alfalah Securities Limited

Karachi: Securities and Exchange Commission of Pakistan (SECP) has approved the Internet Trading Regulations for the Karachi Stock Exchange to improve the monitoring of internet‐based trading activities offered by brokers. The regulations incorporate issues pertaining to risks management, delays and outages in brokers’ internet‐based system, security and privacy of investors’ accounts, etc. It broadly caters to areas relating to registration and service requirements, information and infrastructural security measures, operational capacity, service availability and business continuity, periodic audit and assessment etc. The regulations will replace the Internet Trading Guidelines issued by the regulator earlier in year 2005. Any member registered with the SECP as broker will be eligible to apply to the stock exchange for providing internet‐based trading services subject to fulfilment of minimum conditions as prescribed. The measures taken by SECP to improve efficiency and transparency, bodes well for the development of capital markets.

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