DOCUMENTATION OF TRANSACTIONS BY EXCHANGE COMPANIES AND EXCHANGE COMPANIES OF CATEGORY B
|EPD Circular Letter No. 07
||Sep 28, 2011|
Please refer to SBP instructions issued from time to time on the captioned subject.
In this respect, it is reiterated that all exchange companies, including exchange companies of category ‘B’, are required to document each and every transaction as per related regulatory requirements. Failure to comply with the above instructions will attract severe disciplinary action which may lead to suspension of the license of the company.
Further, apart from other reporting requirements, exchange companies of both categories are required to submit transactions report as per attached format on daily basis to this Department.