KARACHI, August 26, 2025 – The National Clearing Company of Pakistan Limited (NCCPL) has released a comprehensive schedule outlining the mandatory submission process for liquid capital (LC) statements by securities brokers and professional clearing members.
The update, issued through an official notification, highlights regulatory compliance requirements under the Securities Brokers (Licensing & Operations) Regulations, 2016 and NCCPL Regulations, 2015.
According to the notice, all Securities Brokers (SB) – including Trading Only with Limited Custody, Trading & Self-Clearing, and Trading & Clearing categories – are required to submit audited or reviewed (whichever applies) Liquid Capital Statements as of June 30, 2025. Similarly, Professional Clearing Members (PCM) are directed to follow the same requirement in line with NCCPL Regulations, 2015.
The deadline for submission depends on the financial year-end of the respective brokers and clearing members.
• For entities with a financial year ending June 30, the deadline for submission of external auditor-reviewed LC Statements is October 31, 2025.
• For those with a financial year ending December 31, the deadline for submitting audited financial statements, including LC Statements, is September 16, 2025.
The notification emphasizes that exposure limits will be determined based on the lower value between audited and unaudited liquid capital submitted to NCCPL. Non-compliance with the prescribed timelines may result in enforcement measures, including trading restrictions, as outlined under Regulation 6(6) of the Securities Brokers Regulations.
Furthermore, SBs and PCMs must continue filing monthly unaudited LC Statements with the securities exchange and clearing house to ensure ongoing compliance. All submissions must be made within business hours, with adjustments in NCCPL systems processed within two working days of receipt.
This schedule reinforces NCCPL’s commitment to maintaining financial discipline and operational transparency across Pakistan’s capital markets.