SECP recommends allowing individuals to act as securities, futures advisors

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has recommended to allow individuals to act as securities and future advisors in order to promote capital market. The SECP on Tuesday proposed amendments... Read more »

SECP proposes amendments to insurance laws

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued draft bill to amend Insurance Ordinance 2000 with aim to bridge regulatory gaps in existing laws. The draft law has been... Read more »

NBMFCs borrowers reschedule loans worth Rs36bn: SECP

ISLAMABAD: The Non-bank Microfinance Companies (NBMFCs) have reschedule loans of worth Rs36billion of total 2,244,605 individuals and micro-enterprises as of June 30, 2020, Securities and Exchange Commission of Pakistan (SECP) said on... Read more »

SECP issues draft professional clearing members regulations

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued draft Professional Clearing Members (PCM) Regulations, 2020 for public consultation. Professional clearing members denotes the concept of a third party independent... Read more »

NBMFCs allowed deferring loan repayment for one year

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has allowed non banking microfinance companies (NBMFCs) to defer loan payment of borrowers for one year. The SECP issued circular No. 21 of 2020... Read more »

SECP extends date for AMCs to comply with investor’s suitability assessment

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has extended date for Asset Management Companies (AMCs) to comply with mandatory requirement of providing investor’s suitability assessment. A statement issued on Wednesday the... Read more »

NBMFCs reschedule over Rs17 billion loans of 0.93 million individuals

ISLAMABAD: Non-bank Microfinance Companies (NBMFCs) have rescheduled over Rs17 billion loan portfolios of 932,862 individuals in order to provide relief in the wake of coronavirus outbreak. The Securities and Exchange Commission of... Read more »

SECP proposes setting up oversight committee to review Shariah compliance

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has proposed constitution of an oversight committee to review Shariah compliance of listed companies and securities. The SECP issued draft amendments to Shariah Governance... Read more »

SECP forms body to develop RBC regime for insurance sector

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has constituted a working group of actuaries for the development of Risk Based Capital (RBC) Regime in Pakistan, said a statement on Wednesday.... Read more »

SECP issues guidelines for license renewal amid COVID-19

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has issued guidelines for license renewal in order to facilitate companies considering difficulties due to COVID-19. The SECP issued Circular No. 19/2020 for extension... Read more »