Regulatory Alerts2019-11-04
Added · Updated
Amendments to the Securities Exchanges (Licensing and Operations) Regulations, 2016
The Securities and Exchange Commission of Pakistan amends the Securities Exchanges (Licensing and Operations) Regulations, 2016, to allow securities exchanges to perform compliance functions for central depositories and clearing houses. This authorization requires prior Commission approval and a board-approved service level agreement defining roles, remuneration, and indemnification. Under these arrangements, securities exchanges supervise investigations and maintain liaison with the chief regulatory officer for clearing members and CDS elements holding TRE certificates.
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