Draft Amendments to the Public Offering (Regulated Securities Activities Licensing) Regulations, 2017

GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.- Islamabad, the 5 th July, 2019 NOTIFICATION S.R.O. 752 (I)/2019. __ The following draft amendments to the Public Offering (Regulated Securities Activities Licensing) Regulations, 2017, proposed to be made by the Securities and Exchange Commission of Pakistan in exercise of the powers conferred under section 169 of the Securities Act, 2015 (III of 2015), read with S.R.O. 716(I)/2019, dated 2 nd July, 2019 are hereby published for information of all person likely to be effected thereby and notice is hereby given that comments, if any, received within fourteen days from the date of this notification may be considered by the Commission, namely:- DRAFT AMENDMENTS In the aforesaid Regulations, for Schedule II, the following shall be substituted, namely: - “SCHEDULE II* [See regulations 5 and 7] Sr. No. Name of regulated securities activity Fresh license fee License renewal fee 1 Banker to an issue Rs. 500,000 NIL 2 Consultant to the issue Rs. 200,000/- NIL 3 Underwriter Rs. 250,000/- NIL [*Table of fee revised as per the directive of Policy Board vide S.R.O. 716(I)/2019, dated 2 nd July, 2019]. Note: All the fees indicated above shall be paid through a bank challan in favour of the Securities and Exchange Commission of Pakistan.” File No. SY/SECP/8/13