EClear Services Limited (ESL), (incorporated as public unlisted company under the Companies Act, 2017) has been granted license to act as Pakistan’s first “Professional Clearing Member (PCM)” under the “Professional Clearing Members Regulations 2020” by Securities & Exchange Commission of Pakistan (SECP) on 3rd may 2021. EClear is a Large Size Company (LSE) under 3rd schedule of Company Act 2017.
EClear Services Limited enables outsourcing of Clearing, Settlement & Custodial services to trading members of the Stock Exchange, enabling them to provide more efficient services to their clients.
ESL is supported and sponsored by strong pillars of Pakistan Capital Market, including Central Depository Company of Pakistan Limited (CDCPL), Pakistan Stock Exchange (PSX), National Clearing Company of Pakistan Limited (NCCPL) and other financial Institutions.
“In case your complaint has not been properly redressed by us, you may lodge your complaint with Securities and Exchange Commission of Pakistan (the “SECP”). However, please note that SECP will entertain only those complaints which were at first directly requested to be redressed by the company and the company has failed to redress the same. Further, the complaints that are not relevant to SECP’s regulatory domain/competence shall not be entertained by the SECP.”
“In case your complaint has not been properly redressed by us, you may lodge your complaint with Securities and Exchange Commission of Pakistan (the “SECP”). However, please note that SECP will entertain only those complaints which were at first directly requested to be redressed by the company and the company has failed to redress the same. Further, the complaints that are not relevant to SECP’s regulatory domain/competence shall not be entertained by the SECP.”