The Securities and Exchange Commission of Pakistan (SECP) has allowed the Modaraba companies to create a ‘reserve fund’ for meeting… Read More
FBR Discontinues Fiscal Incentives to Private Funds Industry
The Federal Board of Revenue (FBR) has discontinued all fiscal incentives available to the Private Funds (PF) sector that provides… Read More
SECP Releases Diagnostic Review Report on Pakistan’s Private Funds Sector
The Securities and Exchange Commission of Pakistan (SECP) has released a Diagnostic Review of Pakistan’s Private Funds Industry, providing a… Read More
SECP Fixes Massive Data Leak of Sensitive Information of Registered Companies
Securities and Exchange Commission of Pakistan, better known as SECP, is a regulatory agency that develops and regulates the corporate… Read More
SECP Grants License to Pakistan’s First Entity Transformed From “Not-for-Profit” to “For-Profit” Non-Banking Microfinance Company
Securities & Exchange Commission of Pakistan (SECP) has issued Microfinance License to a newly established “Non-Banking Microfinance Company” namely SAFCO… Read More
SECP Enhances Investment Limits for Insurance Companies to Invest in ETFs
The Securities and Exchange Commission of Pakistan (SECP) has allowed insurance companies to invest in open-ended mutual funds including Exchange… Read More
SECP Initiates Business Process Re-Engineering Model for LLPs
The Securities and Exchange Commission of Pakistan (SECP), under its Leading Efficiency through Automation Prowess (LEAP) program, has initiated Business… Read More
SECP Notifies Draft Asset Backed Securitization Regulations 2022
The Securities and Exchange Commission of Pakistan (SECP) has notified the draft Asset-Backed Securitization Regulations, 2022 (The “Regulations”) for public… Read More
SECP Initiates Consultation Period on Draft Amendments to S&FA Regulations
The Securities and Exchange Commission of Pakistan (SECP) has initiated a 14-day public consultation period on draft amendments to the… Read More
SECP Proposes Sindh Govt to Revoke Stamp Duty on Insurance Services in Budget FY23
The Securities and Exchange Commission of Pakistan (SECP) has proposed the Sindh government revoke the levy of stamp duty on… Read More
Banks Not Responsible for AML/CFT Obligations of Regulated Financial Institutions: SECP
Banks are not responsible for anti-money laundering and countering the financing of terrorism (AML/CFT) obligations of the financial institutions regulated… Read More
SECP to Unveil Centralized Digital Fund Distribution Platform for Asset Management Companies
The Securities and Exchange Commission of Pakistan (SECP) has decided to introduce a centralized digital mutual fund distribution platform acting… Read More
