ISLAMABAD: The Pakistan Stock Exchange Limited (PSX) and the Securities and Exchange Commission of Pakistan (SECP) have entered into a strategic partnership to enhance oversight of the capital markets through a signed Memorandum of Understanding (MOU).
The agreement, formalised at a ceremony at PSX on September 23 grants the SECP direct access to PSX’s New Surveillance System.
This integration will enable the SECP to conduct smarter, faster, and more secure market surveillance, leveraging the same advanced technology used by the PSX. The collaboration marks a major step forward in strengthening regulatory coordination and ensuring a fair and transparent market for all participants.
The New Surveillance System, which is acquired by the PSX from Shenzhen Stock Exchange, China, as a module of New Trading System, was launched in May 2023 in line with PSX’s objective to upgrade and enhance its technological capacity and functionality to bring PSX at par with other stock exchanges around the world.
It is a state-of-the-art and advanced surveillance system, which will now be accessed by SECP under the uniform arrangements with the PSX. A robust surveillance system is a prerequisite for a fair and transparent securities market.
This partnership sets the stage for deeper integration and enhanced regulatory coordination, paving the way for a more transparent and resilient capital market ecosystem in Pakistan.
