Tag Archives: Securities and Exchange Commission of Pakistan

SECP rationalizes licensing regime for securities brokers

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has rationalized licensing regime for securities brokers with an objective to reduce regulatory burden and to promote ease of doing business.

SECP registers 83,879 companies by end-2017

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ISLAMABAD: Securities and Exchange Commission (SECP) has said the company registration has increased to 83,879 by end of year 2017, according to a statement issued on Tuesday.

SECP amends public offering regulations to promote quality listing

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ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has amended regulations related to public offerings to promote quality listing, ensure fair price discovery through book-building process and increase investors’ base.

SECP directs CFOs to authenticate company’s financial statements to avoid penalties

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has found many Chief Financial Officers (CFOs) in violation of mandatory requirement of authenticating financial statements of their corporate entities, which are listed on the stock exchange.

SECP directs stock exchange to elect directors

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed the Pakistan Stock Exchange Limited (PSX) to complete the process of holding election for board of directors by February 28, 2018.

SECP proposes curtailing foreign persons’ shareholding limits to 10pc

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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

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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

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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

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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

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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).