Regulatory Alerts2026-02-09
Added · Updated
Securities Brokers (Licensing and Operations) Regulations 2016
The Securities and Exchange Commission of Pakistan establishes licensing and operational requirements for securities brokers, including mandatory prior permission for incorporation and specific eligibility criteria such as sponsor shareholding thresholds and fit-and-proper person standards. The regulations define key terms like short sales and blank sales, prohibit unlicensed brokerage activities, and outline application procedures through securities exchanges. They also permit licensed securities brokers to undertake futures contracts based on securities and financial instruments while excluding commodity-based futures from their scope.
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