Regulatory Alerts2017-11-09
Added · Updated
SRO 1168 (I)/2017 Amendments in Securities Brokers (Licensing & Operations) Regulations, 2016
The Securities and Exchange Commission of Pakistan amends Regulation 35 of the Securities Brokers (Licensing and Operations) Regulations, 2016, by substituting sub-regulation (5) to require audit reports to confirm compliance with Section 78 of the Securities Act, 2015. Additionally, a new sub-regulation (5A) mandates that auditors issue a limited assurance report to securities brokers' members, verifying the adequacy of systems for segregating customer assets, the implementation of internal controls, and the efficiency of the compliance function.
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