Selling vacancies in violation of Regulation 4 Brokers and Agents Regulation Rules 2001, Rule 8, 12 and Schedule Regulations Implementation of the Penalty Regulation 4 of the Central Depository Company of Pakistan Regulations, 2002, provided the vacant sales inquiry officer is searched Not allowed During the review period of Brokers and Agents Registration Rule 8, 2001, 446 instances of vacant seats were disclosed by the broker, provided that the Commission's opinion was that a broker would comply with any of the Securities and Exchange Commission's requirements. Has failed. Made under the Pakistan Act, 1997 and the Securities and Exchange Ordinance, 1969 or any rule or direction and / or. Was in conflict with exchange rules and regulations. Or failed to comply with any requirement of the Code of Conduct set forth in the third schedule of Brokers and Agents Registration Regulations 2001, in the public interest the Commission may take action under R8 (a) (b) of the registration of brokers and agents. Is. Broker was fined Rs 75,000 by selling vacant in violation of Regulations, 2001 Broker Regulations.
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