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’Femi Asu
Published 11 May 2021
The Securities and Exchange Commission has said capital market operators that fail to renew their registration at the expiration of late filing on May 31, 2021 will not be eligible to operate in the capital market.
SEC said in a statement on Monday that this was stated in a circular dated May 10, 2021 and signed by the management of the commission.
It said in line with the requirements for renewal of registration, all CMOs were required to have completed the renewal process on or before April 30, 2021.
“Consequently, the commission stated that all CMOs are expected to note that late filing for renewal of registration shall only be entertained from May 1, 2021 to May 31, 2021, while the names of CMOs which have renewed their registration shall be published on the SEC website/national daily newspapers and communicated to the relevant Securities Exchanges and trade associations for their notification,” the statement
The commission said that the CMOs yet to renew their registration at the expiration of late filing on May 31, would not be eligible to operate in the capital market.
Consequently, the commission said that late filing for renewal of registration would only be entertained from May 1 to May 31.
It said that the CMOs were required to have completed the renewal process on or before April 30.
The commission noted that names of the CMOs that had renewed their registration would be published on SEC’s website and national dailies.
It added that the names of eligible CMOs would be communicated to the relevant Securities Exchanges and Trade Associations.
SEC bars unregistered operators from capital market after May 31
On
By Obas Esiedesa, Abuja
The Securities and Exchange Commission, SEC, has declared that Capital Market Operators, CMO, who fail to renew their registration before May 31, 2021, will not be allowed to operate in the market.
The Commission which issued an update on CMOs registration on Monday explained that those yet to renew their registration at the expiration of late filing which is May 31, 2021, “shall not be eligible to operate in the capital market”.
SEC management in the circular stated that “in line with the requirements for renewal of registration, all CMOs were required to have completed the renewal process on or before April 30, 2021”.
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Shamshad Akhtar elected as first woman PSX Board chairperson
By
Renowned economist Dr Shamshad Akhtar. APP
ISLAMABAD: Renowned economist Dr Shamshad Akhtar has been unanimously elected as the PSX Board Chairperson in the first meeting of the newly elected PSX Board held on Wednesday.
For the first time in the 73-year history of the Pakistan Stock Exchange (PSX), a woman chairperson has been elected on the Board of Directors, said a press release issued by PSX.
Akhtar is a veteran of the financial markets of Pakistan and has also held the honorable position of Governor, State Bank of Pakistan, in the past.