May 7, 2024

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Pakistan Revenue

Tag: SECP

RDA: SECP exempts banks from obtaining license
Dec 23
Money & Banking

RDA: SECP exempts banks from obtaining license

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has exempted banking companies from obtaining licenses to undertake regulated securities activity as security advisors. A notification issued by the SECP stated that it had granted an exemption to the banking companies licensed and authorized by the State Bank of Pakistan (SBP) to open RDA and […]

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MoU signed for digital aggregation of insurance products Central Depository Company
Dec 3
Stock & Commodity

MoU signed for digital aggregation of insurance products

KARACHI: Insurance Association of Pakistan (IAP) and Central Depository Company of Pakistan Limited (CDC) has signed a Memorandum of Understanding (MoU) for digital aggregation of insurance products CDC’s Emalaak Financials platform. Sadia Khan, Commissioner – Securities and Exchange Commission of Pakistan (SECP) presided at the MoU Signing Ceremony at the CDC House, Karachi. At the […]

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SEC Pakistan amends regulations to facilitate startups
Nov 25
Stock & Commodity

SEC Pakistan amends regulations to facilitate startups

ISLAMABAD: The Securities and Exchange Company of Pakistan (SEC Pakistan) has amended regulations to facilitate startups and small companies in raising equities through conventional modes. The regulator introduced amendments in the Companies (Further Issue of Shares) Regulations, 2020 to address the impediments faced by the corporate sector, particularly startups and small companies, in raising equity […]

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SEC Pakistan brings reforms in voluntary pension system
Sep 9
Stock & Commodity

SEC Pakistan brings reforms in voluntary pension system

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Wednesday introduced amendments to Voluntary Pension System (VPS) Rules, 2005 with the intention to bring reforms to facilitate greater pension penetration in the country. The SEC Pakistan said that private pension funds established under the VPS Rules are professionally managed saving-cum-investment vehicles, that enabled salaried and […]

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SECP warns against investing in fraudulent schemes
Sep 3
Corporate, Stock & Commodity

SECP warns against investing in fraudulent schemes

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Thursday warned the general public against investing in any fraudulent investment schemes, which promise hefty profits and unrealistic incentives. The SECP has been constantly clarifying that mere registration of a company, does not authorize it to solicit deposits from the general public or offer investment […]

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Probe in Hascol financials underway: SECP
Jul 13
Corporate

Probe in Hascol financials underway: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) took notice of HASCOL’s reported accounts for the period ending June 30, 2019 in October 2019, according to a statement issued on Tuesday. In this regard, the SECP has diligently followed its requisite internal protocols in compliance with its mandated role and responsibility. However, being the […]

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