Annual Report 2012 - Lahore Stock Exchange

More documents

Recommendations

Info

Regulatory Affairs DivisionSitting (Left to Right)Muhammad Shoib Chughtai | Mehr Muhammad Iqbal | Ameer Taimur | Shagufta SiddiqiStanding (Left to Right)Innam-ullah | Yasir WaheedANNUAL REPORT 2011-12 59
Regulatory Affairs DivisionDuring the year, the Regulatory Affairs Division wasreorganized and structured as under:LSE has taken following measures to improvethe quality of work of the Regulatory Division:MD / CEOBoard of DirectorsRegulatoryAffairsCommitteeChief Regulatory Officer(CRO) Independent post of Chief Regulatory Officer (CRO). CRO is the convener of the Arbitration Committee andthe member of the Arbitration Committee are comprisedof the management staff & Broker. Periodical progress reporting to the Board. Online mechanism of submission of investors'complaints through LSE website & status update. Dedicated 'Investor Relations Department' set upunder the Division. Launching investors' education/awareness campaign.LEGAL AND ARBITRATION DEPARTMENTLegal Counsell&RegulatoryAffairs SectionEnforcement &ComplianceSectionTREC HolderAffairs (MRD)SectionSurveillanceMonitoring & RiskManagementSectionTrading AffairsSectionListing /Company AffairsSectionInvestor Complaints,Arbitration &Litigation SectionEarlier Primary Role: Looking after the outsourced legal matters. Dealing with Investors' Complaints/Arbitration.Expanded Mandate: Maintenance of confidence of investors. Serving as single point of contact for all sorts ofinvestors' related matters. Expeditious disposal of investors' complaints byexpeditiously conducting Arbitration proceedings. Conducting Investors' awareness programs. Providing satisfactory feedback to the investors. In-house legal resource for rendering advice to themanagement and the Board. More than 30% of the law suits of the <strong>Exchange</strong> arehandled by in house team of lawyers. Reviewing and reporting on the adequacy of thesurveillance & monitoring actions taken by theOperations Division.Legal matters:The in house legal team of LSE is well competent toprovide professional services to the LSE. The team ishandling more then 30% of the law suits of the <strong>Exchange</strong>are handled by in house team of lawyers. in a timely andcost effective manner in which LSE is directly or indirectlyinvolved. Further, expert legal opinions and vettingservices are provided by the Department as and whenrequired by the LSE.Arbitration Proceedings:Arbitration as an alternate method of dispute resolutionhas long been recognized as convenient, efficient & lessexpensive than the traditional lawsuits in the courts oflaw. LSE provides an arbitration forum and complaints/grievances of members and investors are transparentlyprocessed and decided by the Sole Arbitrators/Panels ofArbitrators & Appellate Benches. The Awards/Decisionsof the Sole Arbitrators/Panels of Arbitrators & AppellateBenches are effectively implemented and the GoverningBoard of Directors takes strict actions under theRegulations in case of any non-implementation of theawards by issuing notice(s) of expulsion frommembership to implement the awards.Investors’ Complaints - 2010Opening Balance 97Received Complaints and Appeals 214Disposed off 126Pending Complaints 18560LAHORE STOCK EXCHANGE
Page 1 and 2:
L A H O R E S T O C K E X C H A N G
Page 3 and 4:
2LAHORE STOCK EXCHANGE
Page 5 and 6:
Corporate InformationLahore Stock E
Page 8 and 9:
Board of Directors
Page 10 and 11: First Board of Directorsafter Demut
Page 12 and 13: Profile of DirectorsMr. Aftab Ahmad
Page 14 and 15: Profile of DirectorsMr. Ammar-ul-Ha
Page 16 and 17: Profile of DirectorsMs. Bushra Naz
Page 18 and 19: Profile of DirectorsMr. Masood Akba
Page 20 and 21: Profile of DirectorsMr. Mumtaz Huss
Page 22 and 23: Directors’ Report
Page 24 and 25: Directors’ Reportmembers are regi
Page 26 and 27: Directors’ ReportIncomeActual Act
Page 28 and 29: Directors’ ReportDescriptionThe A
Page 30 and 31: Directors’ ReportSEGREGATION OF C
Page 32 and 33: Participation in the International
Page 34 and 35: Directors’ ReportHUMAN CAPITAL IN
Page 36 and 37: Directors’ ReportPOSSIBLE LISTING
Page 38 and 39: Directors’ ReportBOARD COMMITTEES
Page 40 and 41: Corporate Governance
Page 42 and 43: Statement of Compliance with CCGFor
Page 44 and 45: Organizational Roundup
Page 46 and 47: Market Operations DivisionMarket Op
Page 48 and 49: Market Operations DivisionName of C
Page 50 and 51: Market Operations DivisionThe ongoi
Page 52 and 53: Market Operations DivisionThe follo
Page 54 and 55: Corporate Management DivisionSittin
Page 56 and 57: Corporate Management DivisionHUMAN
Page 58 and 59: Corporate Management DivisionWeb an
Page 62 and 63: Regulatory Affairs DivisionInvestor
Page 64 and 65: Technology Services DivisionSitting
Page 66 and 67: Technology Services DivisionAssets
Page 68 and 69: Technology Services Division In ord
Page 70 and 71: Financial Management DivisionSittin
Page 72 and 73: LSE Highlights
Page 74 and 75: PictorialVisit of National Defence
Page 76 and 77: PictorialMr. Thomas Morris Chief Ec
Page 78 and 79: PictorialSECP Chairman Mohammad Ali
Page 80 and 81: Visitors’ CommentsThank you for s
Page 82 and 83: Visitors’ CommentsMany thanks to
Page 84 and 85: Financial Highlights
Page 86 and 87: Summary of key operating & financia
Page 88 and 89: Income & Expenditure StatementVerti
Page 90 and 91: Financial HighlightsBalance Sheet H
Page 92 and 93: Financials
Page 94 and 95: Auditors’ Reportaccordance with t
Page 96 and 97: Income and Expenditure AccountFor t
Page 98 and 99: Statement of changes in Funds and R
Page 100 and 101: Financial Notes
Page 102 and 103: Financial Notes2.3 Constitution of
Page 104 and 105: Financial Notes2.5 Significant even
Page 106 and 107: Financial Notes- ProvisionsProvisio
Page 108 and 109: Financial Notes• Offsetting Finan
Page 110 and 111:
Financial Notes5.2 Fixed assetsa) P
Page 112 and 113:
Financial Notes5.4 Foreign currenci
Page 114 and 115:
Financial Notes5.11 Borrowing costs
Page 116 and 117:
Financial NotesooooooooIncome from
Page 118 and 119:
Financial Notes8 Liabilities agains
Page 120 and 121:
Financial Notes2012 2011Note (Rupee
Page 122 and 123:
Financial Notes11 Trade and other p
Page 124 and 125:
Financial NotesBalance of Members
Page 126 and 127:
Financial Notes14.3During the year
Page 128 and 129:
Financial Notes16 Property and equi
Page 130 and 131:
Page 132 and 133:
Financial Notes2012 201118 Long ter
Page 134 and 135:
Financial NotesOpening(Restated)201
Page 136 and 137:
Financial Notes(c)In addition to th
Page 138 and 139:
Page 140 and 141:
Page 142 and 143:
Financial Notes35 Finance cost2012
Page 144 and 145:
Financial Notes39 Financial instrum
Page 146 and 147:
Financial NotesBank balancesBank Ba
Page 148 and 149:
Financial Notes2012 2011(Rupees in
Page 150 and 151:
Financial Notes39.3.5 Operational r
Page 152 and 153:
Financial Notes41.2 Classification
show all

Annual Report 2012 - Lahore Stock Exchange

Create successful ePaper yourself

Delete template?

Save as template?