Regulatory Alerts2019-11-01
Added · Updated
Amendments in the Public Offering (Regulated Securities Activities Licensing) Regulations, 2017
The Securities and Exchange Commission of Pakistan amends Regulation 7 by deleting the requirement for receipt evidencing payment of a non-refundable fee as specified in Schedule II. Schedule II is substituted to establish fresh license fees of Rs. 500,000 for Bankers to an issue, Rs. 200,000 for Consultants to the issue, and Rs. 250,000 for Underwriters. All specified fees must be paid through a bank challan in favour of the Securities and Exchange Commission of Pakistan.
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