Karachi: M/s. Brains Securities (Pvt) Limited has transitioned into the Trading Only Securities Broker category, a significant move in compliance with the Securities Brokers (Licensing and Operations) Regulations, 2016. This change, effective from May 19, 2025, marks a regulatory shift for the firm as it adheres to the stipulations set forth in Regulation 5A.

As part of this conversion, EClear Services Limited (ESL) has been designated as the Professional Clearing Member (PCM) for Brains Securities. ESL will assume responsibility for settling executed trades and maintaining custody of securities and funds across all accounts, including proprietary and related accounts.

According to information available from the Pakistan Stock Exchange (PSX), this transition by Brains Securities is a notable development within the designated market category. The firm's shift to the Trading Only category aligns with broader regulatory practices aimed at maintaining market integrity and operational transparency.