Regulatory Alerts2026-07-27
Added · Updated
Central Depositories (Licensing and Operations) Regulations, 2016
The Securities and Exchange Commission of Pakistan establishes licensing requirements for central depositories, mandating an initial paid-up capital and net worth of not less than one billion rupees. The regulations impose specific shareholding limits, restricting collective foreign ownership to twenty-five percent and single non-exchange shareholder holdings to fifteen percent. Additionally, central depositories must maintain adequate insurance coverage for beneficial owners, ensure cyber security controls, and adhere to fit and proper criteria for all directors and senior management officers.
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