Regulatory Alerts2019-11-15
Added · Updated
Futures Brokers (Licensing and Operations) Regulations, 2018
The Securities and Exchange Commission of Pakistan establishes licensing requirements for futures brokers, prohibiting unlicensed entities from performing such functions. Applicants must meet eligibility criteria including a minimum paid-up capital of twenty million rupees, fit and proper person standards for sponsors and directors, and specific shareholding retention rules. The regulations mandate prior Commission permission, detailed application procedures through futures exchanges, and annual license renewal processes with defined compliance obligations.
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