SECP releases Annual Report for FY 2020-21
The Securities and Exchange Commission of Pakistan (SECP) has released its annual report for the fiscal year 2020-21. The report covers the reforms undertaken with the objectives to ensure effective enforcement, improve access to finance, encourage capital formation, simplify regulatory processes and reduce costs of doing business. SECP Chairman Aamir Khan, in his message published…
Adil Aziz
SECP Launched Stewardship Framework for Institutional Investors
Aiming to promote long-term value creation and “responsible” engagement of institutional investors with the investee companies, the Securities and Exchange Commission of Pakistan (SECP) has issued the Stewardship Guidelines for Institutional Investors. The guidelines are applicable to the Asset Management Companies, Pension Fund Managers, Private Fund Management Companies, Life Insurers and Employees Contributory Funds managed…
SECP registers 2,345 new companies in April
The Securities and Exchange Commission of Pakistan (SECP) registered 2,345 new companies in April 2022 raising the total number of registered companies to 168,030. This shows an increase of 7% as compared to corresponding period last year. The total number of registered companies now stands at 168,030. Total capitalization (paid-up-capital) with regard to newly incorporated…
SECP proposes changes to bring transparency in capital formation
The Securities and Exchange Commission of Pakistan (SECP), in a bid to improve and ensure transparency in the process for capital formation has recommended a revamp of Companies (Further Issue of Shares) Regulations, 2020. A concept paper, suggesting new modes and mechanics through which companies can raise capital, has been placed on SECP’s website for…
SECP proposes changes to bring transparency in capital formation
The Securities and Exchange Commission of Pakistan (SECP), in a bid to improve and ensure transparency in the process for capital formation has recommended a revamp of Companies (Further Issue of Shares) Regulations, 2020. A concept paper, suggesting new modes and mechanics through which companies can raise capital, has been placed on SECP’s website for…
SECP Regulatory Sandbox fuels regulatory reforms in financial services
The Securities and Exchange Commission of Pakistan (SECP) has published a position paper that shared experiences and learning’s from its Regulatory Sandbox project for the benefit of potential participants of the third cohort of Sandbox. The paper also encapsulates the journey of the first cohort participants and details of their testing methodology, performance and learning…
PSX submits budget proposals to ensure capital market growth, economic development
Implementation of the proposals will help to document the economy and increase tax revenues, while also helping to meet important social objectives: PSX The Pakistan Stock Exchange (PSX) has presented important proposals for the federal budget 2022-23 to address economic challenges, boost national economy and grow the capital markets. These proposals have been submitted to…
SECP announces third cohort under its Regulatory Sandbox
The Securities and Exchange Commission of Pakistan (SECP) has announced the launch of third cohort of its Regulatory Sandbox. The deadline for applications submission is May 31, 2022. The Regulatory Sandbox – now successfully entering its third edition – is a tailored regulatory environment that allows entities to conduct limited scale live tests of innovative…
SECP issues guidelines to facilitate conduct of general meetings
The Securities and Exchange Commission of Pakistan has issued two set of guidelines to facilitate and standardize the role of officers of listed companies and use of technology during general meetings. These guidelines will address impediments faced by listed companies, their shareholders and stakeholders. Guidelines issued on the role of officers of listed companies regarding…
Baqir visits CDC to further strengthen SBP’s commitment to Capital Market development
Governor State Bank Dr. Reza Baqir on Tuesday visited CDC House to mark the successful operationalization of important projects for Pakistan Capital Market, namely Roshan Equity and RAAST for dividend payments, which have been implemented in the recent past by the State Bank in collaboration with the Capital Market and commercial banks. Speaking at the…