RegAlert2026-06-02
Added · Updated
S.R.O.903(I)/2026 – Amendments to the Public Offering Regulations, 2017
The Securities and Exchange Commission of Pakistan amends the Public Offering Regulations, 2017, to allow issuers with prior operations as partnerships, limited liability partnerships, or carved-out business divisions to use their historical profitable track record for public offerings, subject to specific audit and disclosure conditions. Issuers must submit revised financial statements audited by a Quality Control Review rated firm and retain sponsor shareholdings for at least two years. The amendments also update disclosure requirements in the First Schedule to include detailed background information and risk factors for such entities, while the Eighth Schedule permits the submission of available audited accounts for regulated entities facing delays in regulatory approval.
SECP published 3 documents in the last 30 days — get each new one by email the day it lands.
PART II
STATUTORY NOTIFICATION (S.R.O.)
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Islamabad, the 25th May, 2026 NOTIFICATION S.R.O.903(I)/2026.- In exercise of the powers conferred under section 169 of the Securities Act, 2015 (III of 2015), the Securities and Exchange Commission of Pakistan is pleased to make the following amendments to the Public Offering Regulations, 2017, the same having been previously published in the official gazette, vide S.R.O. 526(I)/2026 dated March 18, 2026, namely: - AMENDMENTS In the aforesaid Regulations, - (1) in regulation 2, for sub-regulation 2, the following shall be substituted, namely: - “(2) Words and expressions used but not defined in these Regulations shall have the same meaning as are assigned to them in the Act, REIT Regulations, the Companies Act, the Limited Liability Partnership Act, 2017, the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997), or the Partnership Act, 1932.”; (2) in regulation (3), in sub-regulation (1), in clause (ii), after the second proviso, the following new proviso shall be inserted, namely: - “Provided also that, in case, the Issuer does not have the profitable track record for at least two (02) preceding financial years from its core business activity as a company, due to its prior operations as a partnership or a limited liability partnership or a carved-out business
Read the rest free, and get an email when SECP publishes again
Lineage: Amended
Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
More like this from SECP
SECP published 3 documents in the last 30 days. We email you each new one the day it's published.