Regulatory Alerts2023-11-10
Added · Updated
Revised Processing Timelines for IPOs and Listing of Securities
The Securities and Exchange Commission of Pakistan mandates revised timelines for the approval and listing of securities, reducing the total processing time to 29 working days for both Fixed Price and Book Building methods. The new framework requires Consultants to the Issue and Issuers to submit applications simultaneously to the Pakistan Stock Exchange and the Commission, with specific deadlines for regulatory review, public comments, and due diligence certification. Stakeholders must adhere to these strict schedules, which include a 14-day approval phase and a 15-day post-approval phase, contingent upon the submission of complete documentation and quality prospectuses.
Topics
Share