Regulatory Alerts2019-05-31
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 at least 20% board representation. Applicants must meet minimum paid-up capital and net worth thresholds of 35 million Rupees, with a compliance deadline of June 30, 2019 for existing brokers. The regulations prohibit unlicensed activities and require ongoing maintenance of a 5 million Rupee net capital balance, with immediate trading restrictions and license suspension for non-compliance.