The Securities and Exchange Commission of Pakistan (SECP) has taken decisive steps to uphold market stability amidst regional geopolitical tensions.
SECP convened an urgent meeting on Wednesday to assess the impact of the current situation and reaffirmed its dedication to ensuring uninterrupted capital market operations.
Representatives from the Capital Market Infrastructure Institutions (CMIIs), including the Pakistan Stock Exchange, National Clearing Company of Pakistan, and Central Depository Company, participated in the meeting. They confirmed that effective risk management strategies are in place to maintain the seamless operation of the country’s capital markets.
In light of recent developments, the SECP has instructed all CMIIs to bolster their security protocols and operational continuity measures. This directive encompasses strengthening cybersecurity defenses across all trading and clearing systems and implementing comprehensive business continuity plans. Physical security measures at all facilities are also being reinforced.