Rules & Regulations

Proposed Amendments in NCCPL Regulations for Public Comments

#	Description	Opening Date	Closing Date	Status
1	Proposed Amendment in the NCCPL Regulations, 2015 for Public Comments	28 June, 2024	5 July, 2024	Closed
2	RMS Regulatory Amendments in NCCPL Regulations, 2015	6 May, 2024	15 May, 2024	Closed
3	CHANGES IN LOT SIZE TO ONE SHARE AND TEXT IMPROVEMENT IN SCHEDULE OF FEE AND CHARGES	29 Aug 2023	5 Sep 2023	Close
4	Amendments in Fees Charges and Deposit Schedule - Tariff	11 May 2023	18 May 2023	Close
5	Amendments in Fees, Charges and Deposit Schedule	20 April 2023	2 May 2023	Close
6	Process Improvements in CKO	18 April 2023	28 April 2023	Close
7	DFC Position Limits Client Wide	18 April 2023	28 April 2023	Close
8	Risk Management of Deliverable Futures Contract Market	30 Mar 2023	6 Apr 2023	Close
9	Haircut applied to Fixed Income ETF based on Government Debt Securities Pledged as Margin Eligible Securities	27 Dec 2022	3 Jan 2023	Close
10	Risk Management of Cash Settled Futures “CSF” Contracts and Stock Index Futures Contracts “SIFC”	27 Dec 2022	3 Jan 2023	Close
11	NCCPL Regulations Pertaining to Waiver of UIN and CKO Regulations Pertaining to Maintenance Fee for Sahulat Account	16 Nov 2022	23 Nov 2022	Closed
12	Pertaining to Risk Management of Growth Enterprise Market (GEM)	25 Oct 2022	9 Nov 2022	Close
13	Pertaining to Margin Financing Rollover Transaction	25 Oct 2022	9 Nov 2022	Close
14	CKO Regulations pertaining to use of NADRA API Service	25 Oct 2022	9 Nov 2022	Close
15	PROPOSED AMENDMENTS IN CKO REGULATIONS 2017	31 Aug 2022	7 Sep 2022	Close
16	ALIGNMENT WITH THE FINANCE ACT 2021	30 Aug 2022	6 Sep 2022	Close
17	PERTAINING TO MARGIN TRADING	30 Aug 2022	6 Sep 2022	Close
18	NCCPL CKO Regulations, 2017 pertaining To Central Gateway Portal	2 June 2022	8 June 2022	Close
19	Various Risk Management Measures	25 April 2022	2 May 2022	Close
20	UTILIZATION OF NCS FOR CUSTOMERS AVAILING PORTFOLIO MANAGEMENT SERVICES FROM NON-BANKING FINANCE COMPANIES	4 March 2022	11 March 2022	Close
21	MURABAHAH SHARE FINANCING SYSTEM	4 March 2022	11 March 2022	Close
22	Criteria Prescribed for Determining the Securities Eligible for Margin Financing	15 Nov 2021	22 Nov 2021	Close
23	Reforms in Securities Lending and Borrowing	04 Nov 2021	10 Nov 2021	Close
24	Risk Management of CSF, SIFC and DFC, Exposure Limits and Security Deposit - Professional Clearing Member	04 Nov 2021	10 Nov 2021	Close
25	Growth Enterprise Market GEM	26 Aug 2021	02 Sep 2021	Close
26	Pertaining To Risk Management 2015	03 May 2021	10 May 2021	Close
27	Pertaining To Risk Management	03 May 2021	10 May 2021	Close
28	Designated Market Maker For Listed Debt Securities	22 Mar 2021	29 Mar 2021	Close
29	Pertaining To Designated Market Maker For Listed Debt Securities	22 Mar 2021	29 Mar 2021	Close
30	Annexure A Consequential Amendments In Nccpl Regulations 2015	19 Mar 2021	26 Mar 2021	Close
31	Annexure C Consequential Changes In Cko Regulations 2017	19 Mar 2021	26 Mar 2021	Close
32	Annexure B Chapter 9B Of Nccpl Regulations Professional Clearing Member	19 Mar 2021	26 Mar 2021	Close
33	Rationale Consequential Amendments In Nccpl Cko Regulations	19 Mar 2021	26 Mar 2021	Close
34	Rationale Consequential Amendments In Nccpl Cko Regulations	19 Mar 2021	26 Mar 2021	Close
35	Cgt Tariff And Security Deposit Requirement Applicable To Collective Investment Schemes Cis	15 Mar 2021	22 Mar 2021	Close
36	Pertaining To Next Day Netting Facility	07 Dec 2020	14 Dec 2020	Close
37	Proposed Amendments In Nccpl Kyc Cko Regulations 2017 Pertaining To Mobile Number Required To Be Pro	05 Nov 2020	11 Nov 2020	Close
38	Various Improvements In The Risk Management Framework	15 Oct 2020	22 Oct 2020	Close
39	Murabahah Share Financing System 1	02 Sep 2020	09 Sep 2020	Close
40	Amendments In Fee Charges Deposits Schedule	02 Sep 2020	09 Sep 2020	Close
41	Proposed Amendments In Ncss Procedures 2018 Pertaining To Murabaha Share Financing	24 Jun 2020	01 Jul 2020	Close
42	Proposed Amend In The Nccpl Centralized Know Your Customer Kyc Organization Cko Regulations 2017 Pertaining To Various Matters	24 Apr 2020	01 May 2020	Close
43	Proposed Amend In Nccpl Regulations Pertaining To Margin Financing In Pursuance Of Directive Issued	24 Apr 2020	01 May 2020	Close
44	Removal Of Bifurcation Between Category A And Category B Of Shares Accepted As Margin Eligible Secur	03 Mar 2020	10 Mar 2020	Close
45	To Allow Rollover Of Mf Transaction On Account Of Change In Mf Transaction Value	28 Feb 2020	06 Mar 2020	Close
46	To Allow Rollover Of Mf Transaction On Account Of Change In Mf Transaction Value	28 Feb 2020	06 Mar 2020	Close
47	Different Categories Of Securities Brokers Along With Admission Of A New Type Of Clearing Member Tit	27 Jan 2020	07 Feb 2020	Close
48	Outsourcing Of Compliance Function To Psx	20 Dec 2019	27 Dec 2019	Close
49	Eligibility Criteria Of Security Lending And Borrowing Participants	18 Dec 2019	26 Dec 2019	Close
50	Disbursement Of Marked To Market Profit In Deliverable Future Contract Market	18 Dec 2019	26 Dec 2019	Close
51	Application Of Market Wide Concentration Margin	18 Dec 2019	26 Dec 2019	Close
52	Close Out Mechanism Of Deliverable Future Contract Market	18 Dec 2019	26 Dec 2019	Close
53	Pertaining Introduction Of Term Near Cash Instruments Along With Certain Amendments Regarding The Pl	18 Dec 2019	26 Dec 2019	Close
54	Issuance Of Single Uin To Asset Management Company 1	23 Oct 2019	30 Oct 2019	Close
55	Changes In Regulatory Requirements For Conducting Audit Of Nbcm And Ccm	29 Aug 2019	05 Sep 2019	Close
56	Change In Fees Charges And Deposits Schedule	29 Aug 2019	05 Sep 2019	Close
57	Position Limit Of Deliverable Future Market	01 Jul 2019	08 Jul 2019	Close
58	Aligning The Criteria Prescribed For Accepting Bank Guarantees As Market Collateral With The Condition Given In Esma And Pfmi Standards	01 Jul 2019	08 Jul 2019	Close
59	Proposed Amendments	01 Jul 2019	08 Jul 2019	Close
60	Eligibility Criteria Of Margin Trading Eligible Securities	28 May 2019	04 Jun 2019	Close
61	Reforms Introduced In Margin Financing System	15 May 2019	23 May 2019	Close
62	Eligibility Criteria For The Admission Of Asset Management Companies Amc And Or A Collective Investment Scheme Cis As A Non Broker Clearing Member Nbcm	10 May 2019	17 May 2019	Close
63	Inclusion Of Gop Ijarah Sukuk In List Of Acceptable Market Collaterals	26 Apr 2019	03 May 2019	Close
64	Risk Management Of Exchange Traded Funds	26 Apr 2019	03 May 2019	Close
65	Change In Timeline For Submission Of Quarterly Statement Of Capital Gain Tax	26 Feb 2019	05 Mar 2019	Close
66	Proposed Amendments In The Nccpl Regulations 2015 Pertaining To Change In Fee Charges And Deposits S 1	03 Jan 2019	10 Jan 2019	Close
67	Pertaining To Various Matters On Account Of Risk Managment Regime	20 Dec 2018	27 Dec 2018	Close
68	Salman1 1	19 Dec 2018	27 Dec 2018	Close
69	Proposed Ammendents In Nccpl Regulations Pertaining To Direct Payment System	22 Oct 2018	30 Oct 2018	Close
70	Proposed Amendments In Nccpl Regulations 2015 Pertaining To Hair Cuts On The Value Of Pakistan Inves	05 Oct 2018	12 Oct 2018	Close
71	Fee Charges And Deposits Schedule	14 Jul 2018	20 Jul 2018	Close
72	Changes In The Risk Management Regime With Respect To Market Halts And Widening Of Circuit Breakers	30 Apr 2018	07 May 2018	Close
73	The Process To Be Followed Where A Surplus Has Been Realized After Completion Of Squaring Up Closing Out Process Under The Money Default Management Proceedings	30 Apr 2018	07 May 2018	Close
74	Inclusion Of Chief Risk Officer As A Member Of Default Management Committee	30 Apr 2018	07 May 2018	Close
75	Changes In The Capital Adequacy Monitoring Process Of Debt Market	30 Apr 2018	07 May 2018	Close
76	Changes Introduced In The Negotiated Deal Market	19 Feb 2018	26 Feb 2018	Close
77	Nccpl Fee Charges And Deposits Schedule	19 Feb 2018	26 Feb 2018	Close
78	Risk Management Regime Of Deliverable Future Contract And Introduction Of Category B For Selection O	21 Dec 2017	28 Dec 2017	Close
79	Pursuant To Introduction Of Category B Of The Mes	21 Dec 2017	28 Dec 2017	Close
80	T Bills As Acceptable Collateral	20 Dec 2017	27 Dec 2017	Close
81	Risk Management Of Custodian Clearing Members	20 Dec 2017	27 Dec 2017	Close
82	To Replace The Exposure Limits Based On Net Capital Balance With Liquid Capital	20 Dec 2017	27 Dec 2017	Close
83	Proposed Amendments In Nccpl Fee Charges And Deposits Schedule Pertaining To Cgt Tariff For Investors Of Future Commodity Contracts Executed At Pakistan Mercantile Exchange Limited	26 Oct 2017	02 Nov 2017	Close
84	Powers Available To The Board And The Management	26 Oct 2017	02 Nov 2017	Close
85	Fee Charges And Deposits Schedule Murabahah Share Financing System	26 Oct 2017	02 Nov 2017	Close
86	Murabahah Share Financing System	26 Oct 2017	02 Nov 2017	Close
87	Pertaining To Less Liquid Securities	28 Sep 2017	05 Oct 2017	Close
88	Eligibility Criteria Of Slb Participants	05 Sep 2017	12 Sep 2017	Close
89	Implementation Of Liquid Capital 2	21 Jul 2017	28 Jul 2017	Close
90	Proposed Amendments In The Nccpl Regulations 2015 Relating To Acceptance Of Cheque Against Margin Mtm Losses Requirement On Bank Holidays 2	26 May 2017	02 Jun 2017	Close
91	Pertaining To Revised Margin Financing System	28 Apr 2017	05 May 2017	Close
92	Risk Management Custodian Clearing Members Ccms	27 Apr 2017	04 May 2017	Close
93	Mandatory Requirement For Entities To Be Admitted As Nbcm Of Nccpl	26 Apr 2017	04 May 2017	Close
94	To Remove Irrevocable Undertaking From The List Of Acceptable Collaterals And To Align Acceptable Co	26 Apr 2017	04 May 2017	Close
95	Additional Deposit From Broker Clearing Member	08 Mar 2017	15 Mar 2017	Close
96	Requirement Of Additional Deposit From Broker Clearing Member	06 Mar 2017	13 Mar 2017	Close
97	E Ipo Subscription Service Through Ncs	28 Feb 2017	07 Mar 2017	Close
98	To Constitution Of Panel In Accordance With Hearing Appeals Procedures Of The Nccpl Regulations	28 Feb 2017	07 Mar 2017	Close
99	To Constitute The Panel Tribunal In Accordance With Hearing Appeal Procedures Stipulated In Nccpl Regulations	22 Feb 2017	01 Mar 2017	Close
100	Movement Of Securities Through Ncss Screens	15 Feb 2017	22 Feb 2017	Close
101	Requirement Of Basic Deposit From Securities Brokers	31 Jan 2017	07 Feb 2017	Close
102	In Relation To Improvement In The Prevailing Risk Management Regime Implemented For Dfc	25 Jan 2017	01 Feb 2017	Close
103	Increase In Var Margins And Haircuts For Ready And Dfc Market	25 Jan 2017	01 Feb 2017	Close
104	Proposed Amendments In Nccpl Regulations Eligibility Criteria For Margin Eligible Securities	03 Jan 2017	10 Jan 2017	Close
105	Proposed Amendments In Nccpl Regulations Public Comments Cgt Mufap And Pmex	22 Dec 2016	29 Dec 2016	Close
106	Annexure E National Clearing Company Of Pakistan Limited Purchase And Sale Summary Report Date From April 2014 To June 2014	21 Oct 2016	28 Oct 2016	Close
107	Annexure C Client Confirmation Letter And Annexure D Client Confirmation Reminder Letter	21 Oct 2016	28 Oct 2016	Close
108	Annexure B Scope Of Audit Non Broker Clearing Members Custodian Clearing Members	21 Oct 2016	28 Oct 2016	Close
109	Annexure A Scope Of Audit Broker Clearing Members	21 Oct 2016	28 Oct 2016	Close
110	Chapter 31 Annual Regulatory Compliance Audit And Inspection Of Clearing Members	21 Oct 2016	28 Oct 2016	Close
111	Concept Paper Islamic Financing System	20 Oct 2016	26 Oct 2016	Close
112	Proposed Changes In The Nccpl Regulation And Ncss Procedures Spot Trading	19 Oct 2016	26 Oct 2016	Close
113	Amendments To Nccpl Regulations On Account Of Clearing House Regulations	19 Oct 2016	26 Oct 2016	Close
114	Proposed Changes In Nccpl Regulations Pertaining To Non Ids	19 Oct 2016	26 Oct 2016	Close
115	Proposed Changes In Nccpl Regulations Pertaining To Slb	19 Oct 2016	26 Oct 2016	Close

Guidelines for submission of Public comments
- NCCPL invites all stakeholders to provide their comments on the proposed amendments in NCCPL Regulations 2015, through any of the below mentioned modes:
  
  Email [email protected]
  
  Mail Chief Regulatory Officer
  8th Floor, Pakistan Stock Exchange Building,
  Stock Exchange Road
  Karachi - 74000, Pakistan
  
  Respondent of the comments is required to fill the form given below along with the comments submitted to NCCPL. Comments with no or incomplete form will be disregarded. Further anonymous comments are discouraged by NCCPL, however the respondent may request confidentiality for its identity on all or any part of comments by filling the relevant section of the form.
  
  NCCPL will publish the comments of respondents and its management’s response thereon in the form of a response paper, within a reasonable timeframe, after close of period mentioned above, unless the respondent has made a confidentiality request. However NCCPL shall share all responses with the SECP.
  
  By submitting comments, respondents are deemed to have consented to the collection, use and disclosure of data that is provided to NCCPL, unless respondents wish to keep their identity or comments confidential.
  
  Form for submission of Public Comments to NCCPL

NCCPL Response Papers

#	Description	Opening Date	Closing Date	Status
1	Public Comments - Reforms in SLB	01-01-2023	08-26-2024	Closed
2	Public Comments - Fee & Charges - CGT Tarrif, CKO etc	24 November, 2022	30 September, 2023	Closed
3	Public comments - Centralized gateway portal CKO - Sep14, 2022	30 July, 2017	14 September, 2022	Closed
4	Public comments - Centralized gateway portal CKO - June 30, 2022	01 May, 2017	30 June, 2022	Closed
5	Public comments - GEM - removal of affidavit requirment and single UIN	17 August, 2015	02 September, 2021	Closed
6	Public Comments - DFC Position Limits	03 March, 2015	27 October, 2020	Closed
7	Public Comments - CKO - Nadra API	17 August, 2015	25 October, 2017	Closed
8	Public Comments - CKO system dev for further simplification	24 April, 2015	30 September, 2017	Closed
9	Public Comments - MF Rollover	30 June, 2015	30 June, 2017	Closed