Karachi: Securities brokers are reminded to renew their licenses for the upcoming calendar year as outlined in Regulation No. 9 of the Securities Brokers (Licensing and Operations) Regulations, 2016, which is valid until December 31, 2024. According to information available from the Pakistan Stock Exchange (PSX), brokers must submit their renewal applications for the period from January 1, 2025, to December 31, 2025, by November 4, 2024, to ensure timely processing and submission to the Securities and Exchange Commission of Pakistan (SECP).

Brokers are required to submit several critical documents to the PSX, including the application for renewal, an undertaking of compliance with regulatory requirements, the original bank receipt for the regulatory fee, certified copies of Forms A, 9, and 19, the latest audited financial statements, evidence of valid IFMP certification, and the latest periodic returns covering anti-money laundering measures and other regulatory submissions.

This proactive step ensures that brokers maintain their licenses without interruption, supporting the integrity and regulatory compliance of the financial sector in Pakistan. The PSX has provided contact numbers for brokers in Karachi, Lahore, and Islamabad for further clarification and assistance with the application process.