Tag Archives: (SECP)

SECP defers applicability of IFRS 9

Islamabad, February 15, 2019 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) has deferred the applicability of the International Financial Reporting Standard (IFRS) 9 “Financial Instruments” for all companies required to prepare their financial statements in accordance with the …

SECP warns public against investing in fake entity Fine Sarmayakari Company

Islamabad, January 09, 2019 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) has warned the public against investing in a fake entity, “Fine Sarmayakari Company”, which has been trying to trap innocent people through social media to invest in …

SECP Orders Microfinance Companies to Adopt Complaint Management Mechanism

Islamabad, December 31, 2018 (PPI-OT): Securities and Exchange Commission of Pakistan (SECP) has issued guidelines for grievance redress system in Non-Bank Microfinance Companies (NBMFCs) to protect the interests of clients. Accordingly, the NBMFCs are required to put in place a …

SECP holds an awareness sessions on AML/CFT obligations

Islamabad, December 21, 2018 (PPI-OT): Under its outreach program, the SECP held awareness sessions in Karachi on anti-money laundering/countering financing of terrorism (AML/CFT) obligations and terrorism financing risk assessment for its regulated sectors, i.e., securities and commodities market, insurance/takaful companies, …

1,101 new companies registered in August 2018

Islamabad, September 04, 2018 (PPI-OT): In August, the SECP registered 1,101 new companies. As compared to the corresponding month of last financial year, it represents a growth of 17 percent despite having Eid holidays, raising the number of registered companies …

1,076 new companies registered in July 2018

Islamabad, August 03, 2018 (PPI-OT): The SECP registered 1,076 new companies in July. As compared to the corresponding month of last financial year, it represents a growth of 30 percent as compared to corresponding period last year, raising the number …

Securities and Exchange Commission of Pakistan approves Employee’s Contributory Funds (Investment in Listed Securities) Regulations, 2018

Islamabad, June 14, 2018 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) has introduced Employee’s Contributory Funds (Investment in Listed Securities) Regulations, 2018. The new regulations are aimed at improving safety regime for the employees contributing to various contributory …

17% growth in companies registration at Securities and Exchange Commission of Pakistan

Islamabad, June 07, 2018 (PPI-OT): In May, the Securities and Exchange Commission of Pakistan (SECP) registered 1,094 new companies. As compared to the corresponding month of last financial year, it represents a growth of 17 percent, raising the total number …

Securities and Exchange Commission of Pakistan rationalized licencing regime for securities brokers

Islamabad, January 15, 2018 (PPI-OT):The Securities Exchange Commission of Pakistan with an objective to reduce regulatory burden and to promote ease of doing business, has approved rationalization of existing licensing regime for securities brokers. In order to provide ease of …

Securities and Exchange Commission of Pakistan rationalized licencing regime for securities brokers

Islamabad, January 15, 2018 (PPI-OT):The Securities Exchange Commission of Pakistan with an objective to reduce regulatory burden and to promote ease of doing business, has approved rationalization of existing licensing regime for securities brokers. In order to provide ease of …