secp

KSE Stockbrokers’ Association president says there are no takers of TREC anymore

SECP and PSX chairmen present finance minister with update

Set of rules aimed at investors’ protection, achieving objective of risk management

Changes aimed at promoting Islamic financial services, strengthening Shariah compliance

SECP finds there was ‘established misstatement’

Under the new regulatory regime, micro financing has become a regulated activity

Hijazi had earlier served as commissioner of the SECP from 1999 to 2003

The regulator has caught, penalised several brokers for using clients’ money illegally

These will promote transparency, accountability and efficiency

Dozen MPAs serving as directors across five companies.

Such plans are used in developed countries to retain key employees

Currently, there is no information-sharing mechanism

Proposed rules will help develop primary market; placed for 30 days on website for public opinion

SECP has sought clarification from 35 insurance companies for failing to comply with the mandatory provisions

Asked to submit a report in this regard on May 7

Roundtable discusses risk management in relation to investments in equities

Collaboration to help advocate high level of ethical standards, ensure transparency

These products are long-term in nature, typically ranging over 10 to 20 years

Once finalised, it will result in investor facilitation, greater transparency

The guidelines prescribe a standard method for the estimation of IBNR claims reserve

They were informed about the role of SECP as the apex regulator of non-banking finance sector

Show-cause notices issued after onsite inspection, no monetary penalties imposed.

The company was earlier given an appropriate opportunity of hearing by the commission

He said that in this connection, the department has formally approached SECP

Brokerage house had failed to transfer APO’s shares to CDC

The regulations give shareholders option to vote in meeting from a remote location via internet

Number of Karachi-based brokers resentful of SECP for new rules on investors’ protection fund

Wants input from business community, says objective is to promote economy

Hijazi says profit-making entities should be listed

The SECP’s membership means that the regulatory authority will benefit from cooperation amongst IFSB members

SECP publishes said regulations in official Gazette and also places same on its website for eliciting public comments

Regulator accepts major demands, new regime to be implemented in ‘phased manner’

Company directors will conduct analysis, make disclosures

IHC directs the respondents to submit replies by Nov 17

Chairman says new bourse will pool investments to fund long-term projects

The last date of filing of Form-A (annual returns) for other than listed companies are extended to December 1

The KSE, LSE and ISE had earlier entered into an MOU on August 25, 2015 for their integration into one single platform

The event was part of the SECP’s overall investor education programme “Jamapunji”

Order introduced for companies wholly or partially engaged in power generation

The said requirement is applicable to the persons entering any such agency contract for the first time

SECP directed all listed companies to incorporate an informational message on it in their annual accounts

A very good response from the public has been seen so far and a large number of them have signed up as registered user

Draft rules approved under 2015 Securities Act, public comments sought.

The SECP has taken numerous measures to create awareness in Pakistan’s capital markets through the portal

The board approved constitution of Small Dispute Resolution Committees under Section 117

Regulatory body chief stresses on policy of zero-tolerance

SECP imposed a fine of Rs50,000 on Pak-Kuwait Takaful Company for failing to meet the minimum solvency requirements

No sales load shall be charged if an investor approaches the AMC directly for investment

Zhao also pledged 51 per cent of Shanxi’s assets to Citic for a $370 million loan.