RegAlert2020-09-02
Added · Updated
Non-Banking Finance Companies and Notified Entities Regulations, 2008
The Securities and Exchange Commission of Pakistan establishes the Non-Banking Finance Companies and Notified Entities Regulations, 2008 to regulate NBFCs providing leasing, investment finance, housing finance, asset management, and investment advisory services. The document defines key terms including Collective Investment Schemes, Eligible Investors requiring a minimum investment of three million rupees, and Small and Medium Enterprises with specific turnover and employee thresholds. It outlines the licensing requirements for various NBFC categories and specifies the composition of Liquid Assets and Equity of the Borrower for regulatory compliance.
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NON BANKING FINANCE COMPANIES
AND NOTIFIED ENTITIES REGULATIONS, 2008
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN * Islamabad the 21 st November, 2008 NOTIFICATION S.R.O. 1203(I)/2008.- In exercise of the powers conferred by sub-section (2) of section 282B of the Companies Ordinance, 1984 (XLVII of 1984), the Securities and Exchange Commission of Pakistan hereby notifies the following Non-Banking Finance Companies and Notified Entities Regulations, 2008 for the regulation of NBFCs carrying out leasing, investment finance services, housing finance services, asset management services and investment advisory services and their business activities and notified entities being managed by the aforementioned NBFCs. [PART I Title and definitions]
- Short title and commencement.- (1) These Regulations shall be called the
Non-Banking Finance Companies and Notified Entities Regulations, 2008.
(2) They shall come into force at once. - Definitions.- (1) In these Regulations, unless there is anything repugnant in the
subject or context,-
(i) “Asset Management Company” means an NBFC licensed by the Commission to provide asset management services; [omitted] [(iii) “Borrower” means a person who has obtained Finance from an NBFC]; [omitted] [(v) Collective Investment Scheme” means any arrangement whose sole purpose is
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Lineage: In force
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This document amends: SRO 279 (I)/2020 – Amendments in the NBFCs and Notified Entities Regulations, 2008
Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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SECP published 3 documents in the last 30 days. We email you each new one the day it's published.