The purpose of the MoU is to establish a framework for sharing information which would help the SECP and CCP perform their respective statutory functions. STOCK IMAGE
The Competition Commission of Pakistan (CCP) and the Securities and Exchange Commission of Pakistan (SECP) on Wednesday signed a memorandum of understanding (MoU) for sharing of information.
The purpose of the MoU is to establish a framework for sharing information which would help the SECP and CCP perform their respective statutory functions. The arrangement will allow both the agencies to request and receive information in a timely manner, making the process efficient. All information exchanged under the MoU will be kept confidential unless disclosure is required by law.
Speaking on the occasion, SECP Chairman Zafar Hijazi said the MoU was an important development and the SECP was looking forward to working with the CCP in various areas of mutual interest.
CCP Chairperson Vadiyya Khalil said collaboration between the two organisations would enhance enforcement capabilities and aid in research and advocacy.
Published in The Express Tribune, May 21st, 2015.
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