Amendments to Public Offering Regulations 2017

GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Islamabad, the 5 th January 2018 NOTIFICATION S.R.O.7 (I)/2018. __ In exercise of the powers conferred under section 169 of the Securities Act, 2015 (III of 2015), the Securities and Exchange Commission of Pakistan is pleased to make the following amendments in the Public Offering Regulations, 2017 notified vide S.R.O.296(I)/2017, the same having been previously published in the official Gazette vide Notification No. S.R.O 1174 (I)/2017 dated November 9, 2017, as required under sub-section (4) of section 169 of the Securities Act, 2015 for eliciting public opinion, namely:- AMENDMENTS In the aforesaid Regulations,- (1) In regulation 2, in sub-regulation (1),- (i) after clause (xxiii), following new clause shall be inserted, namely;- “(xxiiia) “Green Field Project” includes a project that is being newly built by the Issuer and has not commenced commercial production/operation;”; (ii) in clause (xxxiii), for the word “one” the word “two” shall be substituted; (iii) after clause (xxxv), following new clause shall be inserted namely;- “(xxxva) “Offer Price” means the price per share at which shares are offered to the general public in case of Fixed Price method and the retail investors in case of the Book Building and set by the Issuer in consultation with the Consultant to the Issue;”; (iv) after clause (xxxvi), following new clause (xxxvii) shall be inserted namely:-