KARACHI - The State Bank of Pakistan (SBP) has realigned functions of its Exchange Policy Department (EPD) with immediate effect. This has been done in order to regulate, supervise and monitor the affairs of the Exchange Companies (Category A&B) in an efficient and more effective manner, the SBP said on Wednesday. With this realignment, Off-site monitoring, supervision, compliance, enforcement and related functions shall now be dealt by the Off-site Supervision & Enforcement Department (OSED) of the State Bank of Pakistan, according to FE Circular No 4 of July 20, 2011. Consequently, the matters related to annual audited accounts, inspection reports, compliance reports etc. shall be handled by OSED. Further, all daily, weekly & monthly reports currently being submitted to EPD shall now be submitted to OSED, the circular added.