May 10, 2024

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Pakistan Revenue

Tag: SECP

SECP proposes amendments to prevent corporate money laundering
Feb 11
Stock & Commodity

SECP proposes amendments to prevent corporate money laundering

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has proposed amendments laws to prevent money laundering through corporate entities. A statement issued on Tuesday said that the SECP has issued a set of notifications, soliciting public consultation on drafts of amendments to the Companies (Incorporation) Regulations, 2017, Companies (General Provisions and Forms) Regulations, 2018, Foreign […]

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SECP proposes amendments to AML, CFT regulations to comply FATF recommendations
Jan 29
Stock & Commodity

SECP proposes amendments to AML, CFT regulations to comply FATF recommendations

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to Anti Money Laundering and Countering Financing of Terrorism Regulations, 2018 as recommended by FATF. The SECP on Wednesday said that the amendments had been proposed to further strengthen SECP’s AML/CFT regime. The proposed amendments elaborate on the Risk Based Approach requiring regulated persons […]

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Stock brokers express serious reservations on proposed new regime
Jan 27
Stock & Commodity

Stock brokers express serious reservations on proposed new regime

KARACHI: PSX Stockbrokers Association has issued rebuttal on propaganda of Securities and Exchange Commission (SECP) through media to pass the proposed new brokers regime (NBR). In a press release issued on Monday, it said that firstly, the so called “Small Brokers” term do not exist.PSX Stockbrokers Association (PSA) being representative of more than 66% of […]

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SECP extends company registration facility to transgenders
Jan 21
Stock & Commodity

SECP extends company registration facility to transgenders

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has extended facility of company registration to transgenders community. The regulator introduced a separate category for members of transgenders community in its online portal for company registration and compliance i.e. eServices. This initiative is in line with the government efforts to grant fundamental rights to transgender […]

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SECP drafts framework to facilitate startups in Pakistan
Jan 8
Finance

SECP drafts framework to facilitate startups in Pakistan

ISLAMABAD: Securities and Exchange Company of Pakistan (SEC Pakistan) has issued draft regulatory framework to facilitate startups in the country. The SECP said that with the objective to promote growth in the startups sector of Pakistan, it is necessary to make relevant changes in Company Law to facilitate the incorporation process for the startups and […]

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SECP notifies conditions for lending securities by asset management companies
Dec 25
Stock & Commodity

SECP notifies conditions for lending securities by asset management companies

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has prescribed conditions for lending of securities by Asset Management Companies on behalf of Collective Investment Schemes. The SECP issued Circular No. 18 of 2019 dated December 20, 2019 and prescribed the following conditions for lending of securities by Asset Management Companies on behalf of Collective Investment […]

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Company registration increases to 108,433: SECP
Dec 20
Stock & Commodity

Company registration increases to 108,433: SECP

ISLAMABAD: The total number of registered companies increased to 108,433 by end of November 2019, said a statement issued by Securities and Exchange Commission of Pakistan (SECP). The regulator registered 1,389 new companies in the month of November 2019. The substantial increase is result of SECP’s recent reforms to simplify the registration processes and reduce […]

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SECP, universities sign MoU to promote financial literacy
Dec 17
Finance

SECP, universities sign MoU to promote financial literacy

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has signed Memorandums of Understanding (MOU) with five leading universities to promote financial literacy among youths. SECP’s Commissioner Investor Education Department, Shaukat Hussain inked the MoUs, said a statement on Tuesday. While universities were represented by their respective Vice Chancellors, Registrars and Directors. These HEC recognized […]

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SECP issues qualified capital criteria for NBFCs
Dec 7
Stock & Commodity

SECP issues qualified capital criteria for NBFCs

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Friday issued criteria for qualified capital and its terms and condition for Non-Banking Finance Companies (NBFCs). The criteria have been issued for those NBFCs which exclusively in the business of issuance of guarantees to enhance the quality debt instruments issued to finance infrastructure projects in […]

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