PHOTO: FILE
In line with its efforts to strengthen the capital market and as part of subsidiary legislation under the Securities Act, 2015, the Securities and Exchange Commission of Pakistan (SECP) has issued the draft Central Depositories (licencing and operations) Regulations, 2015.
The SECP has published the said regulations in the official Gazette and also placed the same on its website for eliciting public comments.
The regulations have also been disseminated to various prominent stakeholders for consultation purposes, said a statement issued here on Tuesday. The comments received on the regulations within 15 days of issuance of these regulations, will be considered and evaluated.
In compliance with the requirements of the Act, the draft regulations provide for matters relating to licencing, minimum financial resources, duties and obligations, audit and accounts, appointment and conduct of directors and management.
Published in The Express Tribune, December 9th, 2015.
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