SECP puts off announcement of regulations

Bill is yet to be placed before Senate for approval

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has deferred the issuance of a notification for the Whistleblowing Regulations 2017.

Earlier, it had placed draft of the regulations on its website for seeking public comments. “The deferment decision was taken in view of the Public Interest Disclosure Bill 2017, passed by the National Assembly on August 17, 2017.



The bill is aimed at protecting individuals ie whistleblowers, who make certain disclosures of information in the public interest,” said the SECP in a statement on Wednesday.

Among other things, the bill covers offences by companies and their directors. Therefore, the essence of the bill is similar to that of the whistleblowing regulations proposed by the SECP. However, the bill is yet to be placed before the Senate for approval and its modus operandi is to be determined.

Published in The Express Tribune, September 7^th, 2017.

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