SECP proposes amendments in Securities and Futures Advisors (Licensing & Operations) Regulations

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments in Securities and Futures Advisors (Licensing & Operations) Regulations, 2017 to propel the initiatives of the Commission for broadening investor base and enhancing outreach of capital market.

Through these amendments, the SECP has proposed to allow individuals to act as Securities and Futures Advisors and to act as distributor of units of mutual funds of multiple Asset Management Companies (AMCs).  This will enable creation of new distribution channels and increase financial inclusion in the country.

Moreover, to reduce regulatory burden on companies, the requirement of experience of CEO/or head of its advisory services, has been reduced to three years instead of existing requirement of five years. This will encourage participation of young and qualified professionals in the capital market, meeting fit and proper criteria, to act as Securities & Futures advisors.

The notification of draft on proposed amendments in the Regulations is available on SECP website, www.secp.gov.pk for eliciting public opinion.

Bookmark the permalink.

Comments are closed.

  • RSS Newsnreleases

    • C. Hunter becomes CEO of HomeTrust Bank, President of HomeTrust Bancshares 27-Jul-2021
      ASHEVILLE: HomeTrust Bancshares Inc., the holding company of HomeTrust Bank, announced that C. Hunter Westbrook will assume the positions of... Continue reading The post C. Hunter becomes CEO of HomeTrust Bank, President of HomeTrust Bancshares appeared first on NewsnReleases.
    • Blackwood Partners and Nicola Wealth acquire another industrial land 27-Jul-2021
      TORONTO, ONTARIO: Blackwood Partners and Nicola Wealth Real Estate (NWRE) acquired a 34-acre industrial development site located in Grimsby, southwest... Continue reading The post Blackwood Partners and Nicola Wealth acquire another industrial land appeared first on NewsnReleases.
    • Neles to acquire Flowrox for Eur 40.9 million 27-Jul-2021
      HELSINKI, FINLAND: Neles has signed an asset purchase agreement to acquire the valve and pump businesses of the Finland-based technology... Continue reading The post Neles to acquire Flowrox for Eur 40.9 million appeared first on NewsnReleases.
    • Beatrice Mary Nicholas appointed non-executive director at Cohort Plc 27-Jul-2021
      LONDON, UK: Cohort Plc, the independent technology group, announced the appointment of Beatrice Mary Nicholas as a non-executive director, with... Continue reading The post Beatrice Mary Nicholas appointed non-executive director at Cohort Plc appeared first on NewsnReleases.
    • Stephen Birrell joins Live Company Group board 27-Jul-2021
      LONDON, UK: Live Company Group plc has appointed Stephen Birrell as an independent Non-Executive Director with immediate effect, a news... Continue reading The post Stephen Birrell joins Live Company Group board appeared first on NewsnReleases.