PART II

Statutory Notification (S. R. O.)

GOVERNMENT OF PAKISTAN

SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN

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Islamabad, the 16th June, 2026

NOTIFICATION

S.R.O.1031(I)/2026.- In exercise of the powers conferred under sub-section (1) of section 169 of the Securities Act, 2015 (III of 2015), the Securities and Exchange Commission of Pakistan hereby makes the following amendment to the Central Depositories (Licensing and Operations) Regulations, 2016, the same having been previously published in the official Gazette vide S.R.O. 658 (I)/2026 dated 15th April, 2026 and were placed on its website as required under sub-section (4) of the said section 169, namely:-

AMENDMENT

In the aforesaid Regulations, in regulation 8, in sub-regulation 3, in clause (b),-

(I) for the words “twenty percent” the word “twenty five percent” shall be substituted;

(II) for the semi-colon at the end, a colon shall be substituted and thereafter the following proviso shall be inserted, namely: -

“Provided that shareholding of the following shall be excluded from the prescribed limit applicable to foreign investors:

(i) shareholding of foreign strategic investors or foreign anchor investors in the securities exchange; and

(ii) shareholding acquired by foreign investors in financial institutions, insurance companies and Development Finance Institutions which are shareholders of the Central Depository and listed at securities exchange, excluding shareholding held or acquired by foreign sponsors, promoters, or majority shareholders of such listed institutions.”.

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[No. SMD/SE/2(275)/2016]

( Bilal Rasul )
Secretary to the Commission