Reforms by SECP lead to 39% growth in new companies’ registration

ISLAMABAD: A host of reforms by the Securities and Exchange Commission of Pakistan (SECP) for ease of doing business have led to 39 percent corporate growth in February compared to the same month last year. The Corporate Registrar has incorporated 2,257 new companies and startups in February. 99 percent of… Continue reading

SECP asks listed companies to implement gender diversity policies; issued circular

ISLAMABAD: In order to foster a beneficial and comfortable working environment for Pakistani women, the Securities and Exchange Commission of Pakistan (SECP), has asked listed companies to formulate and implement gender diversity policies to attract and retain talented women. Pakistan figures fairly low in the Global Gender Gap report index,… Continue reading

SECP Centralizes Company’s Name Reservation Function

ISLAMABAD: The SECP, to further speedup the processing and bring uniformity in decision making, has centralized the function of approving applications of company’s name reservation. This is the first step towards centralization of various regulatory functions, currently performed at company registration offices (CROs). To ensure standard application of law, the… Continue reading

SECP holds Webinar for Startups in collaboration with NIC

ISLAMABAD: SECP’s Innovation Office and National Incubation Center (NIC) Islamabad, jointly held a webinar on the topic ‘SECP Creating an Enabling Environment for Startups’. The theme of the session was focused on the regulatory challenges being faced by startups and necessary modifications required in the legal framework to address them…. Continue reading

SECP proposes reduction in turnaround time for payment of cash dividends

ISLAMABAD: Taking another step forward towards facilitating minority shareholders, the Securities and Exchange Commission of Pakistan (SECP) has proposed reducing turnaround time for payment of cash dividend to shareholders of listed companies from the existing 15 days to 03 working days only. The SECP has issued draft amendments to Companies… Continue reading

SECP makes shareholders’ virtual participation in AGMs a permanent feature

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), with the objective of ensuring protection of minority shareholder’s interest, as well as safeguarding their wellbeing, has directed all listed companies to facilitate virtual attendance of shareholders through electronic means, as a regular feature in annual general meetings (AGMs), through Circular… Continue reading

SECP Allows Digital Onboarding of Increasing Pension Fund Penetration

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), in continuation of its efforts to expand financial inclusion and broaden investor base in capital market products, has expanded the scope of Digital Onboarding Mechanism of investors to cover private pension funds. Under this initiative, pension fund managers can now extend… Continue reading

SECP records major progress in Information Security Standards

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has achieved ISO/IEC 27001:2013 certification; the international standards outlining best practices for Information Security Management Systems (ISMS). Awarded by the independent certification body M/s. Resource Inspections Canada Incorporated (RICI), the certification showcases SECP’s drive to ensure that its key IT, Data… Continue reading

SECP Issues Draft Amendments to NBFC Regulations for Public Consultation

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), to safeguard the interest of investors and prevent miss-selling, has proposed amendments to the Non-Banking Finance Companies and Notified Entities Regulations, 2008. The amendments have been made available on the SECP website https://www.secp.gov.pk/document/sro-107-i-2021-2nd-draft-amendments-in-the-non-banking-finance-companies-and-notified-entities-regulations-2008/?wpdmdl=41497&refresh=601935ded4e301612264926 for public consultation. The proposed amendments focus on training, disciplining… Continue reading