Compliance reports in relation to the gazette of Pakistan statutory notifications by ministry of foreign affairs regarding entities/individuals related.

Compliance reports in relation to Compliance reports in relation to the gazette of Pakistan statutory the gazette of Pakistan statutory

notifications by ministry of foreign notifications by ministry of foreign affairs regarding entities/individuals affairs regarding entities/individuals

related to al-Qaeda and Talibanrelated to al-Qaeda and Taliban

REQUIREMENT OF THE REQUIREMENT OF THE COMPLIANCECOMPLIANCE

United Nations Security Council (UNSC) through its various United Nations Security Council (UNSC) through its various Resolutions has directed to apply travel restrictions, arms Resolutions has directed to apply travel restrictions, arms embargo and to freeze the funds and other financial embargo and to freeze the funds and other financial resources of certain Al-Qaeda and Taliban related resources of certain Al-Qaeda and Taliban related individuals and entities. individuals and entities.

Complete list uploaded by the UNSC at the following link: Complete list uploaded by the UNSC at the following link: http://www.un.org/sc/committees/1267/consolist.shtml

Various Gazette of Pakistan Statutory Notifications issued Various Gazette of Pakistan Statutory Notifications issued by Government of Pakistan for the compliance of the UNSC by Government of Pakistan for the compliance of the UNSC resolutions. resolutions.

SECP directed to all the Exchanges/CDC/NCCPL/NCEL to SECP directed to all the Exchanges/CDC/NCCPL/NCEL to submit compulsory fortnightly compliance report.submit compulsory fortnightly compliance report.

FORTNIGHTLY REPORTING REQUIREMENTS FORTNIGHTLY REPORTING REQUIREMENTS

It is advised to all the Exchanges/CDC/NCCPL/ It is advised to all the Exchanges/CDC/NCCPL/

NCEL by the SECP through various previous NCEL by the SECP through various previous correspondence, it is required being regulated correspondence, it is required being regulated entities to provide compliance report, even if entities to provide compliance report, even if

nil on a fortnightly basis. nil on a fortnightly basis.

Action required by ISE Action required by ISE MembersMembers

Submit one from the following two compliance report to ISESubmit one from the following two compliance report to ISE1.1. I/we hereby confirm that I/we have examined in detail the I/we hereby confirm that I/we have examined in detail the

consolidated list of the Al-Qaeda and Taliban consolidated list of the Al-Qaeda and Taliban individual(s)/entity(ies) which are subject to assets freeze, individual(s)/entity(ies) which are subject to assets freeze, travel ban and arms embargo set out on the United travel ban and arms embargo set out on the United Nations Security Council (UNSC) website at the link Nations Security Council (UNSC) website at the link http://www.un.org/sc/committees/1267/consolist.shtml and found that none of the individual(s)/entity(ies) and found that none of the individual(s)/entity(ies) mentioned in the list has/have his/their account with mentioned in the list has/have his/their account with me/us. Therefore no action is required on my/our part in me/us. Therefore no action is required on my/our part in this regard.this regard.

Action required by ISE Action required by ISE MembersMembers 2.2. I/we hereby confirm that I/we have examined in I/we hereby confirm that I/we have examined in

detail the consolidated list of the Al-Qaeda and Taliban detail the consolidated list of the Al-Qaeda and Taliban individual(s)/entity(ise) which are subject to assets individual(s)/entity(ise) which are subject to assets freeze, travel ban and arms embargo set out on the freeze, travel ban and arms embargo set out on the United Nations Security Council (UNSC) website at the United Nations Security Council (UNSC) website at the link link http://www.un.org/sc/committees/1267/consolist.shtml and found that [ ] number of and found that [ ] number of individual(s)/entity(ies) mentioned in the list has/have individual(s)/entity(ies) mentioned in the list has/have his/their account with me/us. According to the SRO his/their account with me/us. According to the SRO issued by the government of Pakistan, all the accounts issued by the government of Pakistan, all the accounts have been frozen at my/our end and detailed report have been frozen at my/our end and detailed report will be submitted to the Commission manually in this will be submitted to the Commission manually in this regards on urgent basis.regards on urgent basis.

ISE TO FACILITATE MEMBERSISE TO FACILITATE MEMBERS

Time, money and human factor involvedTime, money and human factor involvedSubmission and filing issuesSubmission and filing issuesRegulatory actionsRegulatory actionsManagement to facilitateManagement to facilitateElectronic reportingElectronic reportingAlerts generated Alerts generated No cost involvedNo cost involved

Automation of Compliance Automation of Compliance ReportingReporting

for making it convenient for the ISE members to for making it convenient for the ISE members to ensure the compliance the Exchange has prepared ensure the compliance the Exchange has prepared an automated system for the purpose, which is an automated system for the purpose, which is available to the ISE Members on ISE website under available to the ISE Members on ISE website under the button “the button “Inter ISE Compliance ReportingInter ISE Compliance Reporting”. The ”. The said system provides submission of fortnightly said system provides submission of fortnightly compliance report in respect of prohibited entities. compliance report in respect of prohibited entities. Through this system the Members can submit their Through this system the Members can submit their report to the Exchange with a click of mouse for report to the Exchange with a click of mouse for onward submission of compliance report to the onward submission of compliance report to the SECP.SECP.

Member-Submit Compliance Report from website

-Receive confirmation email.

Management-Receive Compliance

Report or otherwise and non-submitted Members

list- Access Inter-ISE for

reports and history data

Operations Deptt-Receive Compliance

submission email-Access Inter-ISE for reports and history.

--Send compliant/non-compliant list to SECP

from the system.

Database-Compliance submissions are stored in database for

record/history

Inter-ISE-Send reminder emails to

Members on 1st and 15th of every month Automatically.

-Take defined action on submissions (send emails to Operations, Management & Member, Save to database)

OverviewOverview

Screen ShotsScreen Shots

Screen Shot – NCB HistoryScreen Shot – NCB History

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