Notification of Delegation of powers,VPS Rules 2005

GOVERNMENT OF PAKISTAN
Securities and Exchange Commission of Pakistan -.-.-.- Islamabad the 31 st July, 2019 NOTIFICATION S.R.O. 899 (I)/2019.- In exercise of powers conferred by section 10 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997) (the Act) and in partial modification of earlier notifications S.R.O 247(I)/2017 dated April 7, 2017 and S.R.O. 884 (I)/2018 dated July 17, 2018; the Securities and Exchange Commission of Pakistan (the Commission), subject to such conditions and limitations as it may from time to time impose, hereby delegates the following powers and functions of the Commission to the Additional Director, (Policy, Regulation and Development Department (PRDD), Specialized Companies Division (SCD)), namely:- POWERS AND FUNCTIONS OF THE COMMISSION DELEGATED TO ADDITIONAL DIRECTOR, PRDD, SCD S. No. Voluntary Pension System Rules, 2005 Nature of power/function

1. 7(f) To approve posting of the quarterly accounts on the
   website
2. 22(1) To approve advertisements and other invitations to the
   public by Pension Fund Managers to invest in a pension fund.
   The Commission shall have the authority to exercise all powers delegated to the officer concurrently. In case the post of the Additional Director (PRDD, SCD) is vacant or he/she is unable to perform his/her functions or he/she is unavailable to exercise the powers and functions delegated to him/her through this notification shall stand delegated to the Director/Executive Director/Commissioner who shall have the authority to exercise all powers so delegated. File No. SCD/NBFC/NBFCR/2019- BUSHRA ASLAM Executive Director