SECP vows to remove regulatory hurdles

SECP policy board, commission unanimously agree on the need for creating a far less onerous regulatory environment

KARACHI: Securities and Exchange Commission of Pakistan (SECP) Chairman Farrukh Sabzwari has initiated dialogue with leaders of business associations to gain their perspective on the practical impediments faced by the corporate sector in implementing the Companies Act 2017.

Sabzwari, along with senior officials, met separately with representatives of the Pakistan Business Council (PBC), American Business Council of Pakistan (ABCP) and Overseas Investors Chamber of Commerce and Industry (OICCI).

The SECP policy board and the commission unanimously agree on the need for creating a far less onerous regulatory environment.

The consultative meetings with leaders of the corporate world were aimed at identifying systematic bottlenecks and regulatory anomalies that stakeholders feel are an impediment to the ease of doing business.  The chairman also took the opportunity to exchange views on issues related to the capital markets, Islamic finance, SME and insurance sector.

Published in The Express Tribune, February 21^st, 2019.

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