Employees Contributory Funds (Investment in Listed Securities) Regulations, 2018

THE GAZETTE OF PAKISTAN
EXTRAORDINARY
PUBLISHED BY AUTHORITY
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN

Islamabad, June 06, 2018
NOTIFICATION
S. R. O. (I)/2018. – In exercise of powers conferred by section 512 read with sub-clause (ii) of clause (b) of sub-section (2) of Section 218 of the Companies Act, 2017 (Act No. XIX of 2017), the Securities and Exchange Commission of Pakistan, is pleased to make the following regulations, the same having been previously published vide Notifications No. S.R.O 34(I)/2018 dated the 17th January, 2018 and S.R.O 435(I)/2018 dated the 9th April, 2018, as required by sub-section (1) of the said Section 512 namely:-

1. Short title, commencement and application. – (1) These regulations shall be called the
   Employees Contributory Funds (Investment in Listed Securities) Regulations, 2018. (2) They shall come into force at once. (3) These regulations shall apply to all provident funds or any other contributory retirement funds constituted by a company or where a trust has been created by a company to manage such funds in respect of all the investments made by company or trust, as the case may be, in bonds, redeemable capital, debt securities or instruments issued by a statutory body, units of collective investment schemes registered as notified entities with the Commission and in listed securities including shares of companies, bonds, redeemable capital, debt securities and equity securities. (4) These regulations shall not apply to a pension fund governed under Voluntary Pension Systems Rules, 2005.