Regulatory Alerts2020-04-30
Added · Updated
Secured Transactions Registry Regulations, 2020
The Securities and Exchange Commission of Pakistan establishes the Secured Transactions Registry Regulations, 2020, to govern the operation of the secured transactions register under the Financial Institutions (Secured Transactions) Act, 2016. The regulations define user account types, mandate online filing of financing, modification, and termination statements, and set specific fees for transactions, including PKR 1,000 for initial financing statements and PKR 100 for certified search reports. They also outline procedures for public searches, requests to secured creditors, and the registry's operating hours and liability limitations.
Topics
Share