In continuation of its efforts to strengthen the surveillance of equity markets, the Securities and Exchange Commission of Pakistan (SECP) has introduced online Financial Reporting System for the TREC holders/Brokers of the three stock exchanges. From July 2013 onwards, all TREC holders/brokers will be required to file their financial information online within 15 days of the end of each quarter. This effort is a part of Commission’s overall policy to make use of information technology and automation and to streamline the flow of information. Introduction of this online system will provide timely financial information with respect to TREC holders/Brokers and enable the Commission to proactively monitor their financial soundness and take preemptive measures for the protection of investors.
For effective implementation of this system, the SECP will organize training sessions for the brokers at all the three Stock Exchanges.
