The Securities and Exchange Commission of Pakistan (SECP) as the apex regulator of the capital markets is closely monitoring the ongoing stock market situation. SECP’s new management has managed to introduce a multifaceted reform agenda for the capital markets and corporate sector through extensive efforts, that too in a short span of time.
To ensure better coordination and encourage the involvement of the stakeholders in the market reform process, Chairman SECP held back-to-back meetings with key market participants, practitioners, heads of leading corporate and financial institutions and managers of the market infrastructure institutions prior to rolling out its reform package.
The reforms aim to bring stability to the market, attract liquidity, facilitate ease of doing business, revitalize development of the market and restore investor confidence without compromising on the principles of sound risk management and investor protection.
SECP is committed towards its objectives of robust development of the capital markets and corporate sector and will be introducing other measures for ensuring enhanced transparency, good governance practices, and stronger investor protection mechanisms.