Delegation of Powers to HOD (LRAD)

The Securities and Exchange Commission of Pakistan delegates specific powers under the Futures Brokers (Licensing & Operations) Regulations, 2018 to the Executive Director or Head of Department (Licensing and Regulatory Approvals Department). These delegated authorities include requiring further information for license applications, renewing licenses for one year, and demanding additional documents for renewal. If the designated post is vacant or the officer is unavailable, these powers revert to the Commissioner of the Securities Market Division.

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GOVERNMENT OF PAKISTAN

SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN

Islamabad, December 21, 2018

NOTIFICATION

S.R.O. 1539 (I)/2018.- In exercise of the powers conferred by section 10 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997), the Securities and Exchange Commission of Pakistan, subject to such conditions and limitations as it may from time to time impose, hereby delegates all powers and functions of the Commission in respect of Futures Brokers (Licensing & Operations) Regulations, 2018 to Commissioner (Securities Market Division) except the following powers which are delegated to Executive Director/Head of Department (Licensing and Regulatory Approvals Department):

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Lineage: In force

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Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works