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STANDARD CAPITAL SECURITIES (PVT.) LIMITED versus

Failure to send Rgln 6 2 A 1 Brokers and Agents Registration Rules, 2001, R 8 CDC Balance Statements In terms of Regln 6 2 A 1 of the Central Depository Company of Pakistan Regulations, 2002, it was provided that Sends to each participant. All account holders who maintain a sub-account under the control of such participants have until the 10th of each month, balanced statements showing the number of admissions security for each book entered in such account. By the end of the month, the officer had disclosed that the broker does not have the customs to send CDC balance statements to all of its customers. Accordingly, the respondent broker acknowledges that the CDC balance statements are his priority. Are provided on a daily, weekly or monthly basis, but this broker adds that S had made arrangements to comply with the regulatory requirements. Ian considered the facts in the future and said that recognizing the practical difficulties in sending CDC balance statements, rather than taking any punitive action against the broker under R8 of the Regulation of Brokers and Agents 2001, In the case, a soft idea was adopted. The broker was deemed sufficient, with the direction that all future rules and regulations would be fully complied with to avoid any punitive action under the law. top civil advocates from Swatmingora lawyer