Regulatory Alerts2022-07-21
Added · Updated
Self Regulatory Organizations (Registration) Regulations, 2022
The Securities and Exchange Commission of Pakistan establishes the registration framework for Self-Regulatory Organizations, requiring applicants to submit a non-refundable processing fee of Rs. 250,000 and demonstrate a minimum paid-up capital of Rs. 5 million. Registration is valid for five years and is subject to strict fit and proper criteria for directors and senior management, alongside obligations to maintain records for ten years and submit annual reports. The Commission retains the authority to impose disciplinary proceedings, issue directions, or cancel registration for non-compliance, with renewal applications required at least three months prior to expiry.
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