Third Schedule Rules for Short Sale Under Section 22 Brokers and Agents Registration Rules, 2001, Ready Market, 2002, CLS 2 (a), 5 (b) and 8 (i) Pre-existing Interest Selling shares without violating the rules and regulations was registered with the Commission under the Registration of Brokers and Agents, 2001, and when the trade data were valid, the address It is reported that the company is engaged in selling and then selling positions in various scripts. In the absence of any proof or justification for the sale process in its proprietary accounts and in its clients, the showcase notice was issued to the Company under Section 22 of the Securities and Exchange Ordinance, 1969 which states that The first time violation is Clause A (2). ) And broker rolls (5) of the Code of Conduct set forth under the Company's Third Schedule, to sell its shares without pre-existing interest and without conditional compliance. Such sales were prohibited under the rules of sale for short sale under Ready Market. By engaging in such sales, the company failed to exercise proper care, skill and diligence in conducting its business. And from time to time failed to comply with the rules and regulations issued by the Company and the Stock Exchange, in which case the rules of enrollment of brokers and agents under the Third Schedule of 1969 were also violated. Reddy violated Regln 4's rules for this short sale under the market, which in turn violated R12 of the Brokers and Agents Rules 2001,
Related judgments — Securities and Exchange Commission of Pakistan, 2011
