SECP orders electronic filing  

Modernisation efforts underway


APP October 24, 2017
PHOTO: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) directed listed companies to electronically file annual and quarterly financial statements by issuing a circular on Monday.

According to the SECP circular, pursuant to the provisions of section 223(7) of Companies Act, 2017 (the 'Act'), a listed company shall, besides filing hard copies of its annual audited financial statements, auditor’s report, director’s report and chairman’s review report, send electronically a copy of the annual financial statements together with the aforesaid reports to the SECP. The commission has designated email address financial.statements@secp.gov.pk for the electronic transmission of annual and quarterly financial statements.

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The companies are required to transmit the financial statements in PDF as well as MS Excel format to the designated email address. The email address as reported by a company in its annual report, ie, Form A/ B shall be treated as the official email address of the company.

Published in The Express Tribune, October 24th, 2017.

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