Regulatory Alerts2025-08-21
Added · Updated
Public Offering (Regulated Securities Activities Licensing) Regulations 2017
The Securities and Exchange Commission of Pakistan mandates that persons acting as bankers to an issue, consultants to an issue, underwriters, and debt securities trustees must obtain a license or permission from the Commission to operate. The regulations establish eligibility criteria, application procedures, and a one-year validity period for licenses, while granting exemptions to scheduled banks and development financial institutions subject to specific fees and board resolutions. Entities must comply with record-keeping requirements for at least ten years and adhere to strict timelines for license renewal, voluntary cancellation, and cessation of activities upon refusal.
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