The framework for Margin Financing and Lending and Borrowing by the brokers is under consideration of the Commission, and in that respect, the Commission in exercise of its mandate is in the process of proposing a set of rules to be framed by the Federal Government under section 16 of the Securities and Exchange Ordinance, 1969. Therefore, the facts in the news report referred to above have been quoted out of context, even the provisions of law have been incorrectly mentioned.
Importantly, the current Commission comprises three Commissioners (including the Chairman) and approvals if any, are given by the Commission as a consensus or by a majority. Therefore, individually no one Commissioner is in a position to block any approval or place impediments in the normal functioning of the Commission.