Securities and Exchange Commission of Pakistan

Securities Market Division

Policy, Regulation and Development Department

No. SMD/SE/2(322)/2022
April 03, 2023

Circular No. 04 of 2023

APPOINTMENT OF AUDITORS FOR SECP REGULATED ENTITIES

In supersession of Circular No. 21 of 2021 dated July 06, 2021; Circular No. 04 of 2014 dated January 31, 2014; Circular No. 28 of 2009 dated September 4, 2009 and in partial modification of S.R.O.2310(I)/2022 dated December 28, 2022, the Securities and Exchange Commission of Pakistan, in exercise of the powers under section 20(4)(jb) of the Securities and Exchange Commission of Pakistan Act, 1997, read with section 2 (iii) of the Securities Act, 2015; section 2 (3) of the Futures Market Act, 2016; section 15 and 41B of the Modaraba Companies and Modaraba (Flotation and Control) Ordinance, 1980 read with rule 19 of the Modaraba Companies and Modaraba Rules, 1981; section 17 of the Corporate Restructuring Companies Act, 2016; sub-section (1)(a) of section 48 of the Insurance Ordinance 2000; section 282B of the Companies Ordinance, 1984; rule 7(1)(ba) of the NBFC Rules, 2003; and regulation 38(2)(h) of the Non-Banking Finance Companies and Notified Entities Regulations 2008 has decided to maintain and notify a list of auditors for audit of SECP Regulated Entities. Accordingly, the list of approved auditors is attached herewith as Annexure I, which shall be applicable on appointment of auditors for the financial years starting from or after July 01, 2023;