![Orientation workshop for debt securities trustees by SECP](https://photo-cdn.urdupoint.com/media/2016/11/_2/740x404/pic_1478696787_2.jpg)
Orientation Workshop For Debt Securities Trustees By SECP
Rukhshan Mir (@rukhshanmir) Published November 09, 2016 | 05:25 PM
![Orientation workshop for debt securities trustees by SECP](https://photo-cdn.urdupoint.com/media/2016/11/_2/740x404/pic_1478696787_2.jpg)
ISLAMABAD, Nov 9 (UrduPoint / Pakistan Point News - 09th Nov, 2016 ) : In order to provide ease of doing business, the Securities and Exchange Commission of Pakistan (SECP) has developed and introduced the Corporate Debt Market Reporting System (CDMRS).
The SECP has conducted an orientation workshop on the said system for the debt securities trustees (DSTs) in Karachi, a statement of the Commission issued here said. During the workshop, representatives of the DSTs were briefed on the review process of the DSTs' regulations and the proposed amendments in the new regulations.
Representatives were encouraged to provide feedback on the new regulations which have been rolled out for seeking public comments. DSTs play a vital role in the issuance of debt securities, including sukuk, term finance certificates (TFCs), participation term certificates (PTCs), commercial papers (CPs) etc.
, whether issued through public offer or private placement, by safeguarding investors' interests.
The DSTs are entrusted with the responsibility of monitoring payment of profit, redemption of the principal amount to the debt security holders, and ensure compliance with the covenants of the respective trust deeds while reporting non-compliance, if any, to the SECP at present, the said reporting is being done manually, however, with the introduction of CDMRS, all reporting will be automated, thereby making the process for DSTs effective in terms of time and cost.
APP/kmd/rn
Related Topics
Recent Stories
![Cricket: England v West Indies 3rd Test scoreboard](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019914.jpg)
Cricket: England v West Indies 3rd Test scoreboard
![Finance minister briefs Chinese officials on refor ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019922.jpg)
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
![Finland says Russian vessel violated its territori ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019912.jpg)
Finland says Russian vessel violated its territorial waters
![Olympic opening ceremony under way on River Seine](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019266.jpg)
Olympic opening ceremony under way on River Seine
![West Indies' treble strike rocks England in third ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019264.jpg)
West Indies' treble strike rocks England in third Test
![Ukraine court orders detention of suspect in murde ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019262.jpg)
Ukraine court orders detention of suspect in murder of nationalist ex-MP
![Long queues, ticketing problems ahead of Paris ope ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019015.jpg)
Long queues, ticketing problems ahead of Paris opening ceremony
![Rana Sanaullah Khan joins Paris 2024 Olympics inau ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019638.jpg)
Rana Sanaullah Khan joins Paris 2024 Olympics inauguration reception
![Glowing tributes mark 69th birthday of President Z ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019637.jpg)
Glowing tributes mark 69th birthday of President Zardari at Governor's House
![Players unaware of spying scandal as Canada Olympi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019635.jpg)
Players unaware of spying scandal as Canada Olympic coach sent home: official
![Naqvi hails Pak women cricketers for going down fi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019013.jpg)
Naqvi hails Pak women cricketers for going down fighting against SL
!['Sabotage' on French rail network before Olympics: ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019634.jpg)
'Sabotage' on French rail network before Olympics: What we know
More Stories From Pakistan
-
NDMA Advisory: More Monsoon Rains-wind, Thundershowers from July 28-31
6 hours ago -
Armed Forces, tri services chiefs pay homage to Captain Sarwar Shaheed
6 hours ago -
Agriculture dept inks agreement with Bakhabar Kissan
6 hours ago -
Rana Sanaullah Khan joins Paris 2024 Olympics inauguration reception
7 hours ago -
Glowing tributes mark 69th birthday of President Zardari at Governor's House
7 hours ago -
Balochistan CM announce depoliticizing of police, Levies force
7 hours ago
-
PTI creating unrest, halting economic progress in country: MNA
7 hours ago -
ISSI holds webinar on “Elections in Iran : Regional and International Insights”
7 hours ago -
ECP defers written test for seats of election officers
7 hours ago -
PN assists in firefighting, evacuation efforts for stranded civilians of Kashif Centre fire incident
7 hours ago -
Women's rights protection is govt's top priority. Hina Parvez Butt
7 hours ago -
"We stand in solidarity with Azma Bokhari”: Secretary Women’s Parliamentary Caucus
7 hours ago