Clearing facility: ‘PME shall continue to operate till 30th June'
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified that Pakistan Mercantile Exchange (PME) shall continue to operate a clearing facility for futures contracts based on commodities/financial instruments, as a clearing house.
This is subject to the condition that Mercantile Exchange shall work as a clearing house from the date of expiry of the time period provided in its earlier notification till June 30, 2025, it added.
In this regard, the SECP has issued an SRO 888(I)/2025 here on Monday. According to the notification, in exercise of the powers conferred by section 40B of the Securities and Exchange Commission of Pakistan Act, (XLII of 1997) read with section 22 of the Futures Market Act, 2016 (XIV of 2016), the SECP, in continuation of its earlier notification vide SRO 1259 (I)/2017, dated December 14, 2017, has notified that Pakistan Mercantile Exchange shall continue to operate a clearing facility in respect of futures contracts based on commodities or financial instruments, as a clearing house from the date of expiry of the time period provided in its earlier notification till 30th June, 2025, it added.
Copyright Business Recorder, 2025
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