Jan 29

SECP directs brokers to provide financial information through new online format

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Thursday directed stock brokers to provide financial information through a newly developed online system. The SECP issued Circular No. 02 of 2021 for online submission of financial information by securities brokers. The SECP directed the securities brokers to submit online financial information in a new standardized […]

by Mrs. Anjum Shahnawaz

Stern action initiated against companies using FBR, SECP registrations for illegal investment

Jan 21

Corporate, Stock & Commodity

Stern action initiated against companies using FBR, SECP registrations for illegal investment

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has initiated stern action against companies engaged in attracting the general public for unauthorized investments by using registrations of relevant authorities. In a statement on Thursday, the SECP said that mere registration of a company with SECP does not authorize acceptance of deposits from general public. […]

by Mrs. Anjum Shahnawaz

SECP issues requirement for digital account opening by AMCs

Jan 1

Stock & Commodity

SECP issues requirement for digital account opening by AMCs

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Thursday issued criteria for opening of digital accounts for Pakistani individual customers by Asset Management Companies (AMCs). Following is minimum criteria for opening of digital accounts for Pakistani Individuals by AMCs: Eligible customers; 01. Pakistani individual customers having: i. an active account at any bank/active […]

by Mrs. Anjum Shahnawaz

SECP registers 1,956 new companies in November

Dec 15

Corporate, Stock & Commodity

SECP registers 1,956 new companies in November

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered 1,956 new companies in November 2020, indicating an increase of 41 percent as compared with the same month of the last year, according to a statement issued on Tuesday. Around 71 percent companies were registered as private limited companies and 26 percent were registered […]

by Mrs. Anjum Shahnawaz

SECP allows online account opening to capital market investors

Dec 3

Stock & Commodity

SECP allows online account opening to capital market investors

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Thursday allowed Pakistani residents and non-resident investors to open online account in the capital market. A statement issued by the SECP stated that this new regime is part of the SECP’s digital transformation agenda, allows investors to seamlessly open his or her account with a broker […]

by Mrs. Anjum Shahnawaz

Nov 6

Corporate

SECP extends coronavirus contingency plan for corporate meetings

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has extended the applicability of coronavirus related contingency planning for general meetings of shareholders. In a notification issued on Friday, the SECP extended the applicability of its circular No. 5 of 2020 dated March 17, 2020 to annual general meetings and extra-ordinary general meetings to be […]

by Mrs. Anjum Shahnawaz

SECP recommends allowing individuals to act as securities, futures advisors

Aug 4

Stock & Commodity

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 in Securities and Futures Advisors (Licensing & Operations) Regulations, 2017 to propel the initiatives of the Commission for broadening investor base and enhancing […]

by Mrs. Anjum Shahnawaz

SECP proposes amendments to insurance laws

Jul 18

Stock & Commodity

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 placed on SECP’s website for stakeholders and public consultation. The draft bill will address the regulatory gaps in existing law and provide a […]

by Mrs. Anjum Shahnawaz

NBMFCs borrowers reschedule loans worth Rs36bn: SECP

Jul 14

Money & Banking

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 Tuesday. The SECP said that it had relaxed the regulatory requirements for non-bank finance sector allowing them to defer or reschedule the loan […]

by Mrs. Anjum Shahnawaz

SECP issues draft professional clearing members regulations

Jul 6

Stock & Commodity

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 institution, which will offer custodial and clearing/ settlement services to securities brokers and their customers. PCM can be a financial institution, such as […]

by Mrs. Anjum Shahnawaz