Karachi: Securities brokers operating in Pakistan face an upcoming deadline for the submission of their Liquid Capital (LC) statements, a crucial regulatory requirement under the Securities Brokers (Licensing and Operations) Regulations, 2016. This mandate impacts brokers with fiscal year-ends on both December 31 and June 30, necessitating compliance by mid-September and early November, respectively.

The Securities and Exchange Commission of Pakistan (SECP) requires that brokers whose financial year concludes on December 31 must submit their half-yearly reviewed LC statements, covering the period ending June 30, by September 15, 2026. This requirement ensures transparency and accountability in the financial operations of these entities. Meanwhile, those brokers with a fiscal year-end on June 30 are mandated to include the LC calculations in their annual audited financial statements, to be submitted to the PSX by November 02, 2026.

According to information available from the Pakistan Stock Exchange (PSX), any discrepancies between the reviewed or audited LC statements and the corresponding monthly submissions must be justified. Brokers are instructed to provide explanations for these differences via email at [email protected]. This measure aims to maintain the integrity of financial reporting within the securities market.

The regulatory framework emphasizes the importance of adherence to these deadlines, underscoring the role of statutory auditors in reviewing the LC statements. The submission of accurate and timely financial data is critical for brokers to remain compliant with existing regulations, ensuring their continued operation within the market.