RegAlert

Consultation · SECP · 1 Nov 2016

SRO 1023(I)/2016 Amendments in NBFC & Notified Entities Regulations, 2008

licensing
securities

The Securities and Exchange Commission of Pakistan proposes substituting the proviso in clause (a) of regulation 66A of the Non-Banking Finance Companies and Notified Entities Regulations, 2008. The amendment exempts distributors selling mutual fund units of a single Asset Management Company (AMC) from licensing or registration requirements, provided they fulfill other specified requirements. This draft notification invites comments within fourteen days of the November 1, 2016 publication date.

PakistanSecurities and Exchange Commission of Pakistan

GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN

NOTIFICATION

Islamabad, 1st November, 2016

S.R.O. 1023 (I)/2016.- In exercise of the powers conferred by sub-section (2) of section 282B of the Companies Ordinance, 1984 (XLVII of 1984), the Securities and Exchange Commission of Pakistan proposed the following amendment in Non-Banking Finance Companies and Notified Entities Regulations, 2008 which hereby published for the information of all persons likely to be affected thereby and notice is given that comments, if any, received within fourteen days of the date of this notification will be taken into consideration.

DRAFT AMENDMENT

In the aforesaid regulations, in regulation 66A, in clause (a), for the proviso the following shall be substituted, namely: -

"Provided that those distributors who are selling mutual fund units of single AMC only shall be exempted from the requirement licensing/registration provided that they shall fulfil such other requirements as may be specified by the Commission.".

No. SCD/NBFC/NBFCR/2016

( Bushra Aslam )
Secretary to the Commission

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Lineage: Amended

A newer document in RegAlert amends this one; it applies as amended.

The Companies Ordinance, 1984(Ordinance No. XLVII of 1984)1984 · PK-LAWThe Companies Ordinance, 1984 (Ordinance No. XLVII of 1984) (1984-10-08)Non-Banking Finance Companies andNotified Entities Regulations, 20…Not in RegAlertNon-Banking Finance Companies and Notified Entities Regulations, 2008 — Not in RegAlertSRO 1023(I)/2016 Amendments inNBFC & Notified Entities Regu…2016-11-01 · this documentSRO 1023(I)/2016 Amendments in NBFC & Notified Entities Regulations, 2008 (2016-11-01)SRO 1179(I)/2016(Notification-Non-Banking Finance…2016 · SECPSRO 1179(I)/2016 (Notification-Non-Banking Finance Companies) (2016-12-28)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (3)
Amended by
Amends
  • Non-Banking Finance Companies and Notified Entities Regulations, 2008Not in RegAlert

    “proposed the following amendment in Non-Banking Finance Companies and Notified Entities Regulations, 2008”

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Timeline

Amended 1 time · last 2016-12-28

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Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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