Regulatory Alerts2024-05-31
Added · Updated
Futures Brokers (Licensing and Operations) Regulations 2018
The Securities and Exchange Commission of Pakistan establishes licensing requirements for futures brokers, including a minimum net worth of Rs. 10 million for standard brokers and Rs. 5 million for Agri-Only brokers. Applicants must secure prior Commission permission, maintain sponsor shareholding thresholds, and pass fit-and-proper person criteria before obtaining a one-year license. The regulations mandate ongoing compliance with capital adequacy, reporting obligations, and operational standards, with the Commission empowered to suspend or cancel licenses for non-compliance.
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