Rule · SECP · 27 Mar 2017

Securities Brokers Regulations as Single Member Company

The Securities and Exchange Commission of Pakistan requires any single member company already licensed as a securities broker under the Securities Brokers (Licensing and Operations) Regulations, 2016 to convert its status to a public or private company other than a single member company. This conversion must be completed within sixty days from the date of the notification's commencement.

PakistanSecurities and Exchange Commission of Pakistan

Government of Pakistan
Securities and Exchange Commission of Pakistan

Islamabad, 27th March, 2017

NOTIFICATION

S.R.O. 213 (I)/2017.- In exercise of the powers conferred under section 40B of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997) read with clause (aa) of regulation 4 of the Securities Brokers (Licensing and Operations) Regulations, 2016, the Securities and Exchange Commission of Pakistan hereby notifies that any single member company already licensed as a securities broker under the Securities Brokers (Licensing and Operations) Regulations, 2016 shall convert its status to a public company or a private company, other than a single member company, within a period of sixty days from the date of commencement of this notification.

( Bilal Rasul )
Secretary to the Commission

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Issued under

Securities Brokers (Licensing and Operations) Regulations 20162016 · SECP
“read with clause (aa) of regulation 4 of the Securities Brokers (Licensing and Operations) Regulations, 2016”
The Securities and Exchange Commission of Pakistan Act, 1997 (Act No. XLII of 1997)1997 · PK-LAW
“In exercise of the powers conferred under section 40B of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997)”