The Securities and Exchange Commission of Pakistan (SECP) has launched three targeted surveys to drive reforms in the country’s corporate debt market and gather feedback from stakeholders.
The initiative aims to enhance regulatory processes and promote a more active and efficient debt market.
The surveys are designed to gauge market awareness of debt instruments, identify challenges faced during debt issuance and listing, and assess the effectiveness of the credit rating process. Through this exercise, the SECP intends to pinpoint key issues and opportunities for improvement.
The initiative includes three surveys:
- Awareness Survey: Measures market understanding of debt instruments.
- Experience Survey: Gathers feedback on past experiences with debt issuance and listing.
- Credit Rating Survey: Evaluates the effectiveness and reliability of the credit rating process.
The surveys will engage listed companies, industry participants, and credit rating agencies. Insights gathered will help the SECP improve market liquidity, facilitate access to corporate financing, and make debt instruments more attractive for both issuers and investors.
This effort underscores the SECP’s commitment to transparency, inclusivity, and continuous improvement, aiming to create a more practical, responsive, and data-driven regulatory framework.
