Karachi: The National Clearing Company of Pakistan Limited (NCCPL) has issued a directive to all Securities Brokers (SB) and Professional Clearing Members (PCM) to submit their audited or reviewed Liquid Capital (LC) statements by designated deadlines. This announcement, made on August 13, 2026, is in accordance with the Securities Brokers (Licensing & Operation) Regulations, 2016, and NCCPL Regulations 2015.

Securities Brokers, which include trading-only entities with limited custody, trading and self-clearing, and trading and clearing firms, are required to submit their audited or reviewed LC statements as of June 30, 2026. These must be submitted to the NCCPL by November 02, 2026, for brokers whose financial year ends on June 30. Those with a financial year ending on December 31 must submit their external auditor's reviewed LC statements by September 15, 2026.

According to information available from the Pakistan Stock Exchange (PSX), the exposure allowed will be based on the lower of the audited and unaudited Liquid Capital submitted to the NCCPL. This stipulation is in line with the NCCPL Regulations 2015 and is aimed at maintaining financial discipline within the market.

The NCCPL has cautioned that non-compliance with these deadlines could result in enforcement actions as outlined under Regulation 6(6) of the Securities Brokers (Licensing & Operation) Regulations, 2016. This includes potential restrictions on trading facilities should there be a failure to submit the required LC statements or any identified shortfall in liquid capital.

In addition to these audited or reviewed statements, Securities Brokers are mandated to continue submitting monthly unaudited LC statements to the securities exchange and clearing house. This requirement is also applicable to Professional Clearing Members, who must submit these statements as per the NCCPL Regulations, 2015.

The designated market category for these directives is the regulated securities trading market in Pakistan, with an emphasis on ensuring compliance and transparency in financial reporting.