SRO 1197 (I)/2019 Amendments to the Employees Contributory Funds (Investment in Listed Securities) Regulations, 2018 — SECP — PK

GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.- Islamabad, the 3 rd October, 2019 NOTIFICATION S.R.O. 1197 (I)/2019. _ In exercise of powers conferred by section 512 read with subclause (ii) of clause (b) of sub-section (2) of Section 218 of the Companies Act, 2017 (Act No. XIX of 2017), the Securities and Exchange Commission of Pakistan is pleased to make the following amendments to the Employees Contributory Funds (Investment in Listed Securities) Regulations, 2018, the same having been previously published in the official Gazette vide Notification No. S.R.O. 998(I)/2019 dated September 4, 2019 namely:- In the aforesaid regulations, in regulation 4, in clause (iv), in sub-clause (b), for the proviso the following shall be substituted, namely:
“Provided that where investment is made in Islamic listed debt securities, a minimum rating of “A-” shall be allowed:
Provided further that the Commission may, through notification, change the minimum rating of a security assigned in this clause;” [File No. EMD/D-II/26/2010]

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Amends

Regulation No. 998(I)/2019 dated 2019-09-04Not in RegAlert
“amendments to the Employees Contributory Funds (Investment in Listed Securities) Regulations, 2018, the same having been previously published in the official Gazette vide Notification No. S.R.O. 998(I)/2019 dated September 4, 2019”