SECP, ADB organize consultation workshop on financial market development

Dec 5

Finance

SECP, ADB organize consultation workshop on financial market development

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) and Asian Development Bank (ADB) jointly organized a workshop for stakeholder consultations on Financial Market Development 2020-2025, a statement said on Thursday. The long term roadmap will be focusing on demand and supply measures to broaden and deepen the financial system in Pakistan. Senior level representatives […]

by Mrs. Anjum Shahnawaz

SECP directs life insurers to provide details of window Takaful operations

Nov 21

Money & Banking

SECP directs life insurers to provide details of window Takaful operations

ISLAMABAD: Securities and Exchange Commission (SECP) has directed life insurers to provide details of their Family Takaful operations. The SECP issued Circular No. 15 dated November 18, 2019 and amended rules for financial reporting of family window Takaful operations by life insurers. The regulator amended the rules and directed to insurance companies having window Takaful […]

by Mrs. Anjum Shahnawaz

SECP warns public against investing in ponzi schemes

Nov 19

Stock & Commodity

SECP warns public against investing in ponzi schemes

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Tuesday warned general public not to invest in fraudulent investment and ponzi schemes that are promising hefty profits and unrealistic incentives to trap innocent people. The SECP said that it has come to the regulator knowledge that companies namely M/s. BH Online Jobs (SMCPrivate) Limited, […]

by Mrs. Anjum Shahnawaz

Half of registered companies not complying with mandatory return filing

Nov 18

Taxation

Half of registered companies not complying with mandatory return filing

ISLAMABAD: Almost half of the companies registered with Securities and Exchange Commission of Pakistan (SECP) have been found as non-compliant in mandatory income tax return filing. The Year Book 2018/2019 of Federal Board of Revenue (FBR) revealed that 43,246 corporate returns were filed for Tax Year 2018. However, the official details shared by SECP showed […]

by Mrs. Anjum Shahnawaz

SECP approves regulations for small companies to raise capital

Nov 12

Stock & Commodity

SECP approves regulations for small companies to raise capital

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has approved listing regulations for small companies to raise funds through capital markets. A statement on Tuesday said that the SECP had approved the Growth Enterprise Market Listing Regulations to enable Small and Medium Enterprises (SMEs), Green field projects, Not for Profit and other companies to raise […]

by Mrs. Anjum Shahnawaz

SECP introduces concept of trading only brokers for expanding investor base

Nov 7

Stock & Commodity

SECP introduces concept of trading only brokers for expanding investor base

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has introduced a concept of trading only brokers for expanding investor base at the capital market. In the proposed regime, to provide maximum facilitation to small sized brokers, which would be categorized as trading only brokers and shall not retain custody of client assets, the minimum capital […]

by Mrs. Anjum Shahnawaz

SECP softens regulatory regime for rating companies

Oct 18

Corporate, Stock & Commodity

SECP softens regulatory regime for rating companies

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has softened regulatory regime for credit rating companies through amendments in the Credit Rating Companies Regulations, 2016. A statement issued on Friday, the SEPC said that Credit Rating Agencies (CRAs) play vital role in development of financial markets and conduct independent, professional and impartial assessment of the […]

by Mrs. Anjum Shahnawaz

SECP registration reaches to 105,407 companies

Oct 11

Corporate, Finance

SECP registration reaches to 105,407 companies

ISLAMABAD: The total number of registered companies with Securities and Exchange Commission of Pakistan (SECP) has topped at 105,407 with addition of 1,392 new companies in September 2019, according to a statement issued on Friday. The SECP registered a total 1,392 new companies in September 2019, raising the total number of incorporated companies to 105,407. […]

by Mrs. Anjum Shahnawaz

Financial institutions report 219 suspicious transactions since AML/CFT regulatory framework launch: SECP

Oct 10

Finance

Financial institutions report 219 suspicious transactions since AML/CFT regulatory framework launch: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has said around 219 Suspicious Transactions Reports (STRs) have been generated by financial institutions since launch of its Anti-Money Laundering (AML)/Counter Financing Terrorism (CFT) regulatory framework. The SECP in a statement on Thursday said that its risk based approach for effective implementation of AML/CFT regulatory framework […]

by Mrs. Anjum Shahnawaz

SECP revokes licenses of 22 not for profit companies; total cancellation tops 319

Oct 3

Finance

SECP revokes licenses of 22 not for profit companies; total cancellation tops 319

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has cancelled licenses of 22 Not for Profit Companies during first quarter of the current fiscal year. The regulator so far revoked licenses of 319 charitable and non-profit organizations (NPOs). In a statement issued on Wednesday the SECP that the licenses were revoked for non-compliant of […]

by Mrs. Anjum Shahnawaz