Securities Brokers (Licensing and Operations) Regulations 2016

Government of Pakistan
Securities and Exchange Commission of Pakistan NOTIFICATION Islamabad, the 24th June, 2016 S. R. O. 569 (I) /20161 . - * In exercise of powers conferred by sub-section (1) of section 169 read with sections 68, 69, 75, 76, 77, 78, 79, 80, 82, 84 and 151 of the Securities Act, 2015, the Securities and Exchange Commission of Pakistan hereby makes the following regulations, the same being previously published in the official Gazette vide S.R.O. 1087(I)/2015 dated November 5, 2015 and also placed on its website as required under sub-section (4) of section 169 of the said Act, namely:
CHAPTER I
PRELIMINARY

1. Short title and commencement.- (1) These regulations shall be called the Securities Brokers
   (Licensing and Operations) Regulations, 2016.
   (2) They shall come into force on the date of commencement of Part V of the Act.
2. Definitions.- (1) In these regulations, unless there is anything repugnant in the subject or context, –
   (a) “Act” means the Securities Act, 2015 (III of 2015); (b) “advertisement” means dissemination or conveyance of information, or an invitation or solicitation, in respect of the services that the securities broker is licensed to carry on, by any means or in any form, including by means of, — (i) publication in a newspaper, magazine, journal or other periodical; (ii) display of posters, notices, billboards, hoardings etc.; (iii) circulars, handbills, brochures, pamphlets, books or other documents; (iv) letters addressed to individuals or bodies; (v) photographs or cinematograph films; (vi) sound broadcasting, television, the Internet or other media; or