Karachi: The National Clearing Company of Pakistan Limited (NCCPL) has issued a crucial reminder to all Broker Clearing Members (BCMs) and Professional Clearing Members (PCMs) regarding the submission of their financial statements for compliance with Capital Adequacy Requirements. The directive, detailed in NCCPL Circular NCCPL/CM/AUGUST-26/08 dated August 12, 2026, emphasizes the necessity for these entities to submit their Reviewed or Audited Liquid Capital (LC) statements as of June 30, 2026.

In accordance with Regulation 6(3) of the Securities Brokers (Licensing & Operation) Regulations, 2016, BCMs and PCMs with a financial year ending on June 30 must ensure their audited annual financial statements, inclusive of LC statements, are submitted to the NCCPL by November 2, 2026. Meanwhile, those whose financial year concludes on December 31 must submit their externally audited LC statements by September 15, 2026.

According to information available from the Pakistan Stock Exchange (PSX), failure to comply with these timelines can result in significant consequences. Non-compliance could lead to enforcement actions under Regulation 6(6) of the Securities Brokers (Licensing & Operation) Regulations, 2016, potentially restricting trading facilities until the issue is rectified.

The NCCPL also mandates that, beyond the annual submissions, clearing members are required to continue providing monthly unaudited LC statements to both the securities exchange and the clearing house. This ongoing requirement is part of maintaining transparency and compliance with regulatory standards, ensuring that all submissions are made within business hours, concluding at 5:30 PM, and are processed within two working days.

These measures are integral to maintaining market stability and ensuring the financial health of clearing members within Pakistan's financial landscape.