Rule · SECP · 13 Jul 2010
The Securities and Exchange Commission of Pakistan directs all asset management companies to report compliance with the provisions of Regulation 37 of the Non-Banking Finance Companies and Notified Entities Regulations, 2008. This reporting obligation is required to be fulfilled by June 30, 2011. The directive is issued under the powers conferred by sub-section (3) of section 282B of the Companies Ordinance, 1984, read with the proviso to clause (k) of sub-regulation (7) of Regulation 37.
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN *
Islamabad, 13th July, 2010
NOTIFICATION
S.R.O. 655(I)/2010.- In exercise of the powers conferred by sub-section (3) of section 282B of the Companies Ordinance, 1984 (XLVII of 1984), read with proviso to clause (k) of sub-regulation (7) of Regulation 37 of the Non-Banking Finance Companies and Notified Entities Regulations, 2008, the Securities and Exchange Commission of Pakistan is pleased to direct that all the asset management companies shall now be required to report compliance to the provisions of the above mentioned Regulation by June 30, 2011.
[No. SCD/NBFC/NBFCR/2010]
(Abdul Rehman Qureshi)
Advisor/ Secretary
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“In exercise of the powers conferred by sub-section (3) of section 282B of the Companies Ordinance, 1984 (XLVII of 1984)”
“read with proviso to clause (k) of sub-regulation (7) of Regulation 37 of the Non-Banking Finance Companies and Notified Entities Regulations, 2008”
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