Regulatory Alerts2026-06-02
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.