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

Islamabad, the 27th April 2022

NOTIFICATION

S.R.O. 562 (I)/2022 - In exercise of the powers conferred by sub-section (2)(c) and (2)(d) of section 6A of the Anti-Money Laundering Act, 2010 (VII of 2010), the Securities and Exchange Commission of Pakistan, is pleased to make the following amendments to the Anti-Money Laundering and Countering Financing of Terrorism Regulations, 2020, the same having been previously published vide SRO 921 (I)/2020, dated 28th September 2020, namely:-

AMENDMENTS

In the aforesaid Regulations, in Annexure 1, in the Note, -

(a) paragraph (iii), shall be omitted; and

(b) for paragraph (vii), the following shall be substituted, namely: -

“(vii) The condition of obtaining photocopies of identity documents of directors of Limited Companies/ Corporations is relaxed in case of Government/ Semi Government entities, where SECP RPs should obtain photocopies of identity documents of only those directors and persons who are authorized to open and operate the account. However, SECP RPs shall validate identity information including CNIC numbers of other directors from certified copies of Form-A / Form-B / Form-29”.

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