Lahore, February 26, 2015 (PPI-OT): MD LSE has stated that the Lahore Exchange wholeheartedly supports the immediate promulgation of the Draft Securities Act as it would improve the legal framework for the operations and development of the capital market.
MD LSE has further stated that the news item published in some section of the press giving impression that LSE, somehow, has reservations on the draft Securities Act is absolutely incorrect and baseless. He stated that the only recommendation to be highlighted in the news item published today, was the continued inclusion of one sub-clause of the S and EO 1969, in the new Securities Act.
The Lahore Stock Exchange, its brokers community are in complete support and for the immediate promulgation of the Securities Act. MD LSE has also underlined that LSE has always been in the forefront for welcoming the new regulatory initiatives of SECP, and would be keen to implement the new Securities Act in letter and spirit.
1. LSE supports the need for the New Securities Act for effective legal framework for the capital market in Pakistan.
2. LSE would welcome the new Securities Act and would implement the same in letter and spirit.
For more information, contact:
Barkat Ali Anjum
Deputy Manager-Media and Public Relations Department
Lahore Stock Exchange (LSE)
Lahore Stock Exchange Building,
19, Khayaban-e-Aiwan-e-Iqbal, P. O. Box: 1315,
Lahore – 54000, Pakistan