Regulatory Alerts2024-11-14
Added · Updated
Securities Managers (Licensing and Operations) Regulations, 2024
The Securities and Exchange Commission of Pakistan establishes licensing conditions for securities managers, requiring a minimum net worth of thirty million rupees and a valid securities broker license. Applicants must maintain a Broker Fiduciary Rating of BFR 2, employ qualified senior management, and adhere to strict operational standards including prohibitions on proprietary trading conflicts and mandatory risk profiling of clients. The regulations mandate specific disclosure documents, written agreements defining mutual liabilities, and the submission of advertisements to the Commission within thirty-six hours of publication.
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