Regulatory Alerts2025-07-01
Added · Updated
Investment and Trading in Securities by Employees of PACRA
The Pakistan Credit Rating Agency Limited (PACRA) issued this policy to regulate the investment and trading activities of its employees, External Rating Committee members, and their dependent family members. The document prohibits personal securities trading (excluding collective investment schemes) to prevent insider trading and conflicts of interest, requiring new employees to divest within one month while committee members must either refrain from influencing ratings or divest prior to participation. Ongoing compliance is enforced through mandatory non-disclosure agreements, seven-day transaction reporting, annual certification forms, and disciplinary or legal penalties for violations.
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