Individual decision · SECP · 30 Sep 2019
The Securities and Exchange Commission of Pakistan specifies Rating and Investment Information Inc., Japan, as an internationally recognized foreign credit rating institution. This designation permits the entity to enter into joint venture or technical collaboration arrangements with a credit rating company in Pakistan. The notification is issued under section 40B of the Securities and Exchange Commission of Pakistan Act, 1997, read with clause (g) of regulation 4 of the Credit Rating Companies Regulations, 2016.
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.- Islamabad, the 23 rd September, 2019 NOTIFICATION S.R.O. 1158 (I)/2019. _ In exercise of the powers conferred under section 40B of the Securities and Exchange Commission of Pakistan Act, 1997 (Act No. XLII of 1997) read with clause (g) of regulation 4 of the Credit Rating Companies Regulations, 2016, the Securities and Exchange Commission of Pakistan is pleased to specify the Rating and Investment Information Inc., Japan, as internationally recognized foreign credit rating institution for the purpose of entering into joint venture or technical collaboration arrangement with a credit rating company in Pakistan. [No. SMD/CIW/CR/03/2012]
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“In exercise of the powers conferred under section 40B of the Securities and Exchange Commission of Pakistan Act, 1997 (Act No. XLII of 1997)”
“read with clause (g) of regulation 4 of the Credit Rating Companies Regulations, 2016”
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