Regulatory Alerts2017-07-27
Added · Updated
Intermediaries (Registration) Regulations, 2017
The Securities and Exchange Commission of Pakistan establishes registration requirements for intermediaries authorized to file documents on behalf of companies under the Companies Act, 2017. Eligible applicants, including individuals, firms, and companies, must meet specific professional qualifications, possess a National Tax Number, and maintain designated IT infrastructure. Existing intermediaries are required to obtain a certificate of registration within three months of the regulations' effective date of August 14, 2017, after which only registered intermediaries may provide these services. The regulations also mandate a three-year registration validity, renewal procedures, and impose penalties for contraventions or failure to comply with fit and proper criteria.