Regulatory Alerts2020-09-07
Added · Updated
Public Offering Regulations, 2017
The Securities and Exchange Commission of Pakistan establishes regulations governing public offerings of securities by public limited companies, body corporates, and offerors. The document mandates general conditions for public offers, including board approval, a profitable track record for the preceding two financial years, and specific shareholding stability requirements. It outlines definitions for key terms such as book building, prospectus, and sukuk, and sets applicability rules while excluding certain special purpose vehicles and government-guaranteed debt securities.
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