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
SECP Declares That Income Tax Returns and Wealth Statement Are Insufficient for AML
The Securities and Exchange Commission of Pakistan (SECP) declared that the income tax returns and wealth statements do not completely… Read More
Companies Violating Modaraba Regulations to Face Heavy Penalties
The Securities and Exchange Commission of Pakistan (SECP) has decided to heavily penalize Modarba companies, which will deliberately violate any… Read More
SECP Allows Listed Companies to Use E-Voting for Making Important Decisions
The Securities and Exchange Commission of Pakistan (SECP) has allowed the listed companies to conduct E-Voting for taking important decisions… Read More
SECP Allows Non-Banking Finance Companies to Operate as P2P Service Providers
The Securities and Exchange Commission of Pakistan (SECP) has decided to allow the lending/licensed Non-Banking Finance Companies (NBFCs) to operate… Read More
SECP Authorizes Burj Modaraba to Float First Green Energy Modaraba of Rs. 1 Billion
The Securities & Exchange Commission of Pakistan’s (SECP) Registrar Modaraba has authorized the floatation of Burj Clean Energy Modaraba (an… Read More
