KARACHI: Pakistan Stock Exchange (PSX) on Wednesday introduced a compliance calendar to facilitate listed companies for timely compliance with the PSX Regulations.
The stock exchange said that the compliance calendar will offer multiple benefits including:
— It tracks and centralizes applicable requirements of PSX Regulations at one place;
— It will facilitate the listed companies in keeping track of the requirements falling due along with their associated deadlines;
— The type of form to be used from the correspondence manual for dissemination/submission of particular information; and
— The regulatory action that may be triggered in case of breach.
The PSX said that the compliance calendar contains both periodic requirements such as holding of annual general meeting, submission of free float information etc. as well as a situational requirement such as holding of extra-ordinary meeting (EOGM), submission of minutes of EOGM, intimation and credit of dividend/bonus shares in the shareholders’ accounts etc.
As a matter of good governance, PSX encourages all listed companies to fulfill regulatory requirements prior to their due dates in order to avoid any delay and consequence.
