Regulatory Alerts2018-02-23
Added · Updated
Securities and Futures Advisers (Licensing and Operations) Regulations 2017
The Securities and Exchange Commission of Pakistan establishes licensing requirements for securities and futures advisers, prohibiting unlicensed persons from performing these functions. Applicants must maintain a minimum net worth of Rs. 1 million, hold a place of business in Pakistan, and satisfy fit and proper criteria for sponsors and management. Existing practitioners must obtain licenses by June 30, 2018, while securities brokers may provide incidental advisory services without separate compensation under specific conditions.
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