NOTIFICATION

S.R.O. 958 (I)/2022.- 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 Securities Exchanges(Licensing and Operations) Regulations, 2016, the same having been previously published in the official Gazette vide S.R.O 573 (I)/2022 dated April 29th, 2022 and were placed on its website as required under sub-section (4) of the said section 169, namely:-

In the aforesaid Regulations, -

(1) in regulation 16, sub-regulation (5) shall be omitted;

(2) in Annexure III, in paragraph (2) after sub-paragraph (vi) the following new sub-paragraph (vii) shall be inserted, namely, -

“(vii) Assess that that the scope, resources including human resource, procedures and reporting mechanism of the regulatory function including entity level compliance were adequate and effective to ensure compliance with relevant legal requirements and detect and report any non-compliance in a timely manner”.

__________________________________________________________________________ File No. SMD/SE/2(275)/2016

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Amends

Regulation No. 573 dated 2022-04-29Not in RegAlert
“previously published in the official Gazette vide S.R.O 573 (I)/2022 dated April 29th, 2022”

Issued under

The Securities Act, 2015 (Act No. III of 2015)2015 · PK-LAW
“In exercise of the powers conferred under sub-section (1) of section 169 of the Securities Act, 2015 (III of 2015)”