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CFS MK-II to be launched on April 7

ISLAMABAD: A meeting of CFS Mk-II Implementation Committee was held here on Thursday at Securities and Exchange Commission of Pakistan (SECP) Karachi Office to resolve pending issues in introduction of CFS Mk-II Market. The meeting, chaired by Chairman SECP, Razi-ur-Rahman Khan decided that the CFS Mk-II Market should be launched on April 7, 2008. It was also decided that, on the launching date, all financing in the existing CFS Market should be transferred to the new CFS Mk-II Market, which shall be managed at National Clearing Company of Pakistan Limited (NCCPL). Initially, only the CFS Market of Karachi Stock Exchange (KSE) shall be transferred to the CFS Mk-II platform, and no monetary limit shall then be applicable to this market. staff report

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