Indian exchange will seek to sell stake of just under 30%; SGX to divest its 4.7% stake.
Move expected to boost market turnover by up to 20%, regulator says.
Investigation finds Lam Yuk Wai performed unauthorised transactions and deceived clients.
Restrictions expected to be lifted in banking, credit rating services and securities.
SECP chairman says to also prioritise ease of doing business and regulatory framework development.
New rules allowing brokerages to expand services to be introduced in 2H17.
Securities regulator will issue another discussion paper once study is completed.
Regulators will be able to stop trials if they endanger the financial market or consumers.
Bank will continue to offer corporate and commercial banking business.
Consortium including Shanghai and Shenzhen stock exchanges pays $85mn for 40% stake in PSX.