Regulatory Alerts2020-12-23
Added · Updated
Public Offering Regulations 2017
The Securities and Exchange Commission of Pakistan establishes the Public Offering Regulations, 2017, which apply to public limited companies, offerors, and various intermediaries issuing securities to the general public. The regulations mandate general conditions for public offers, including a profitable track record for the preceding two financial years and specific shareholding stability requirements, with exemptions for green field projects and certain debt securities. They define key terms such as book building, prospectus, and sukuk, and set out procedural rules for bids, pricing, and disclosures to govern the issuance process.
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