Regulatory Alerts2018-11-23
Added · Updated
Securities Brokers (Licensing and Operations) Regulations 2016
The Securities and Exchange Commission of Pakistan establishes licensing requirements for securities brokers, mandating that sponsors collectively hold at least 51% of share capital and maintain a net worth not less than twice their personal subscription. Applicants must meet minimum financial resource requirements of 35 million Rupees in paid-up capital and net worth, with a compliance deadline of June 30, 2019 for existing non-compliant brokers. The regulations authorize licensed brokers to undertake futures contracts based on securities and financial instruments while explicitly excluding futures brokers dealing in commodities. Non-compliance with capital or reporting obligations triggers immediate trading restrictions and license suspension by the Commission.