Regulatory Alerts2021-01-18
Added · Updated
Public Offering (Regulated Securities Activities Licensing) Regulations 2017
The Securities and Exchange Commission of Pakistan mandates that bankers to an issue, consultants to the issue, underwriters, and debt securities trustees must obtain a license to perform their functions. The regulations establish eligibility criteria, application procedures, and a one-year license validity period, while requiring existing service providers to secure licenses within six months. Financial institutions are exempt from full licensing but must obtain Commission approval, pay specified non-refundable fees, and submit annual compliance affidavits.
Topics
Share