RegAlert

Rule · SECP · 11 Jan 2021

S.R.O. 19(I)/2021 - Extending Timeline for Meeting the Paid Up Capital and Equity Requirements

capital
licensing
securities

The Central Depository licensed under the Securities Act, 2015 must maintain paid up capital of Rs. 4.00 billion and net worth of Rs. 7.00 billion by February 15, 2026. The notification is made under section 40B of the Securities and Exchange Commission of Pakistan Act, 1997, section 48(c) of the Securities Act, 2015, and regulation 6 of the Central Depository (Licensing and Operations) Regulations, 2016.

PakistanSecurities and Exchange Commission of Pakistan

GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.-

NOTIFICATION

Islamabad, the 11th January, 2021

S. R. O. 19 (I)/2021.- In exercise of the powers conferred under section 40B of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997), read with clause (c) of section 48 of the Securities Act, 2015 (III of 2015) and regulation 6 of Central Depository (Licensing and Operations) Regulations, 2016, the Securities and Exchange Commission of Pakistan is please to notify that the “Central Depository” licensed under the said Securities Act, 2015 (III of 2015), shall be required to maintain-

(i) Paid up capital of Rs. 4.00 billion by February 15, 2026; and

(ii) Net worth of Rs. 7.00 billion by February 15, 2026.

Secretary to the Commission

( Bilal Rasul )

[File No. Sy/SECP/8/13]

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The Securities Act, 2015 (Act No.III of 2015)2015 · PK-LAWThe Securities Act, 2015 (Act No. III of 2015) (2015-05-13)Regulation No. 6 of 2016Not in RegAlertRegulation No. 6 of 2016 — Not in RegAlertS.R.O. 19(I)/2021 - ExtendingTimeline for Meeting the Paid…2021-01-11 · this documentS.R.O. 19(I)/2021 - Extending Timeline for Meeting the Paid Up Capital and Equity Requirements (2021-01-11)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Issued under
  • The Securities Act, 2015 (Act No. III of 2015)2015 · PK-LAW

    “read with clause (c) of section 48 of the Securities Act, 2015 (III of 2015)”

  • Regulation No. 6 of 2016Not in RegAlert

    “and regulation 6 of Central Depository (Licensing and Operations) Regulations, 2016”

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