Regulatory Alerts2015-04-08
Added · Updated
Reporting and Disclosure (of Shareholding by Directors, Executive Officers and Substantial Shareholders in Listed Companies) Regulations, 2015
The Regulations require directors, executive officers, and substantial shareholders of listed companies to report their beneficial ownership in equity securities to the company using Form 1 and to the Securities and Exchange Commission of Pakistan using Form 5. Companies must maintain a register of these interests in Form 3 and notify the Commission in Form 4 upon receiving such disclosures. Gains from trading listed equity securities within less than six months must be reported in Form 7 and tendered to the Commission within seven days of accrual. Additionally, listed companies are mandated to file an annual return containing detailed shareholding information within forty-five days of their annual general meeting.
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