Regulatory Alerts2026-06-03
Added · Updated
Circular No. 10 of 2026 – Licensing and Allied Applications with Sponsors/ Directors as Foreign individuals/ Entities
The Securities and Exchange Commission of Pakistan amends Circular No. 12 dated August 31, 2023, by omitting the clause that mandated prior security clearance from the Ministry of Interior for licensing applications involving foreign sponsors, directors, or shareholders. This change removes the requirement for such clearance for companies with specified activities where foreign nationals or entities are involved in the board or shareholding composition. The amendment applies to all license applications and subsequent changes in board or shareholder composition under the relevant provisions of the Companies Ordinance, 1984. The circular comes into force with immediate effect.
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