Regulatory Alerts2017-06-30
Added · Updated
Securities Brokers (Licensing and Operations) Regulations 2016
The Securities and Exchange Commission of Pakistan establishes licensing requirements, eligibility criteria, and financial resource thresholds for securities brokers. The regulations define three operational categories—Trading Only, Trading and Self-Clearing, and Trading and Clearing—each with specific minimum paid-up capital, net worth, and net capital balance requirements. It mandates fit and proper person tests for sponsors and management, prohibits single-member companies from obtaining new licenses, and outlines procedures for application, renewal, suspension, and cancellation of licenses.
Share