SECP chairman outlines capital market development initiatives

Securities and Exchange Commission of Pakistan (SECP) Chairman Muhammad Ali yesterday outlined capital market development initiatives including investor education and awareness Infrastructure development and wider distribution networks by capitalising on automation and encouraging a sub-broker regime. He announced the initiatives while speaking at the Charter Awards Ceremony of Chartered Financial Analyst (CFA) Society Pakistan, a statement issued by the Commission here said. Muhammad Ali also congratulated the new CFA Charter holders on earning the prestigious CFA designation. While welcoming the new Charter holders to the investment community, SECP Chairman informed the cream of the investment industry attending the event, of the capital market development initiatives taken by the SECP keeping in mind the five areas of market development, which SECP had identified as being essential for the development of our capital market. He stressed that it was important to note that we need to work simultaneously on all the aspects for effective implementation.