Regulatory Alerts2019-11-01
Added · Updated
Amendments to the Public Offering Regulations, 2017
The Securities and Exchange Commission of Pakistan substitutes the Fifth Schedule of the Public Offering Regulations, 2017, to revise processing fees for public offerings. The new fee structure mandates a charge of Rs. 200,000 for public offerings of equity securities and Rs. 100,000 for the issuance of debt securities. These amendments are effective as per the directive of the Policy Board vide S.R.O. 716(I)/2019 dated July 2, 2019.
GOVERNMENT OF PAKISTAN SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.- Islamabad, the 28th October, 2019 NOTIFICATION S.R.O. 1286 (I)/2019. __ In exercise of powers conferred by 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, the same having been previously published vide Notification S.R.O. 750(I)/2019 dated July 05, 2019, and placed on the website of the Commission as required by sub-section (4) of the said section namely:- In the aforesaid Regulations, for the Fifth Schedule, the following shall be substituted, namely:- “FIFTH SCHEDULE PROCESSING FEE* (i) In case of public offering of equity securities of a company: Rs.200,000/- (ii) In case of issuance of debt security: Rs.100,000/-”. [*Fee revised as per the directive of Policy Board vide S.R.O. 716(I)/2019, dated 2nd July, 2019]