RegAlertRule · SECP · 28 Mar 2023
Delegation under Clause 6(1) of the Circular No. 15 of 2022
The Securities and Exchange Commission of Pakistan delegates to the Commissioner, Specialized Companies Division, the power under Clause 6(1) of Circular No. 15 of 2022 dated December 27, 2022, to grant approval to a Digital Lender for the launch of an App or any other digital channel for lending. The delegation is subject to conditions and limitations the Commission may impose from time to time, and the Commission retains authority to exercise all delegated powers concurrently.
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.-
NOTIFICATION
Islamabad the 21st March, 2023
S.R.O. 390 (I)/2023.- In exercise of 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 (the Commission), subject to such conditions and limitations, as it may from time to time impose, hereby delegates the following powers and functions of the Commission to the Commissioner, Specialized Companies Division, namely: -
POWERS AND FUNCTIONS OF THE COMMISSION DELEGATED TO COMMISSIONER, SPECIALIZED COMPANIES DIVISION
| S. No | Circular No. 15 of 2022 dated December 27, 2022 | Nature of power/function |
|---|---|---|
| 1. | 6(1) | To grant approval to Digital Lender for launch of an App or any other digital channel for lending. |
The Commission shall have the authority to exercise all powers delegated to the Commissioner concurrently.
[File No. SCD/NBFC/NBFCR/2019]
( Ejaz Alam Khan )
Joint Director (CS)
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
- Definition / condition 4
- background, boilerplate
More like this from SECP
SECP published 4 documents in the last 30 days. We email you each new one the day it's published.
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
In RegAlert: added