Tag Archives: SECP

SECP proposes curtailing foreign persons’ shareholding limits to 10pc

secp

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has proposed curtailing shareholding limits of foreign persons to 10 percent from 30 percent.

SECP exempts financial institutions from restriction of investment

secp

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has allowed exemption to financial institutions from restrictions imposed under Companies Act 2017 related to investments in associated companies and under taking.

Total registered companies with SECP grows to 84,201

secp

ISLAMABAD: The total number of registered companies with the Securities and Exchange Commission of Pakistan (SECP) has increased to 84,201 by end of November 2017, said a statement issued on Wednesday.

SECP issues draft Sharia regulations for IFI auditing

secp

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has notified for public consultation three Shariah Standards of Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI); Shariah Standard No 17 – Investment Sukuk, Shariah Standard No 18- Possession (Qabd) and Shariah Standard No 23 – Agency and the Act of an un-commissioned agent (Fodooli)

SECP notifies code of corporate governance regulations for listed companies

secp

ISLAMBAD: Securities and Exchange Commission of Pakistan (SECP) has notified regulations for listed companies. In a notification the SECP said that Listed Companies (Code of Corporate Governance) Regulations, 2017, have been approved for notification by the Securities and Exchange Commission of Pakistan (SECP).

SECP to acquire services of professional to probe PSX data leakage

secp

ISLAMBAD: Securities and Exchange Commission of Pakistan (SECP) will acquire services of professionals and experts for investigating leakage of trading information of Pakistan Stock Exchange (PSX).

Securities brokers proposed to file monthly statement of capital balance

secp

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has notified draft amendments to Securities Brokers (Licensing and Operations) Regulations, 2016 and proposed that securities broker or future broker shall file monthly statement of net capital balance.

SECP proposes NTN, ATL for participating in public offering

secp

ISLAMABAD: Securities and Exchange Commission (SECP) has issued draft amendments for public offering and proposed requirement of NTN and appearance on Active Taxpayers List (ATL) for an investor for subscription of shares in book building process.

SECP approves Shariah advisors regulations

secp

ISLAMBAD: In order to enhance the credibility of Islamic financial services sector, the Securities and Exchange Commission of Pakistan (SECP) has approved the Shariah Advisors Regulations, 2017.

SECP directs life insurance companies to provide information of policyholders having annual Rs5 million or above premium

secp

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) directed the life insurance companies to provide details of each policy holders having annual premium of Rs5 million or above in order to comply with Anti-Money Laundering (AML) directives.