RegAlertRule · SECP · 25 Jun 2024
Notification for amendments in the Third Schedule to the Companies Act, 2017
The Securities and Exchange Commission of Pakistan, under section 507(2) of the Companies Act, 2017, inserts new sub-clause (iia) in Serial No. 1, clause (b) of the Third Schedule. The addition covers securities brokers licensed as Trading and Self Clearing or Trading and Clearing category that hold custody of customers' assets, and Professional Clearing Members.
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Islamabad, June 25, 2024
NOTIFICATION
S.R.O (I)/2024.- In exercise of the powers conferred by sub-section (2) of section 507 of the Companies Act, 2017 (XIX of 2017), the Securities and Exchange Commission of Pakistan is pleased to make the following alteration in the Third Schedule to the Companies Act, 2017, namely: -
In the aforesaid Schedule, in Serial No. 1, in clause (b), after sub-clause (ii), the following new sub-clause shall be inserted, namely: -
(iia) Securities brokers having license as Trading and Self Clearing or Trading and Clearing category and having custody of customers assets and Professional Clearing Member; or”.
[File No. SY/SECP/8/13]
( Bilal Rasul )
Secretary to the Commission
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