RegAlert

Rule · SECP · 24 Nov 2020

SRO 1252(I)/2020 Clearing Houses (Licensing & Operations)

capital
licensing
securities

A licensed Clearing House must maintain paid-up capital of Rs. 1.00 billion at all times and net worth of Rs. 2.00 billion by June 30, 2023. The notification is made under section 40B of the Securities and Exchange Commission of Pakistan Act, 1997, section 23(1)(a) of the Securities Act, 2015 and regulation 6 of the Clearing Houses (Licensing and Operations) Regulations, 2016.

PakistanSecurities and Exchange Commission of Pakistan

GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN

Islamabad, the 19th November, 2020

NOTIFICATION

S. R. O.1252(I)/2020.- In exercise of the powers conferred under section 40B of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997), read with clause (a) sub-section (1) of section 23 of the Securities Act, 2015 (III of 2015) and regulation 6 of Clearing Houses (Licensing and Operations) Regulations, 2016, the Commission is please to notify that the “Clearing House” licensed under the said Securities Act, 2015 is required to maintain-

(i) paid up capital of Rs.1.00 billion at all times; and

(ii) net worth of Rs.2.00 billion by June 30, 2023.

[File No. SY/SECP/8/13]

( Bilal Rasul )
Secretary to the Commission

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Annotations and obligations
3 obligations
  • Obligation 3
  • background, boilerplate

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

The Securities Act, 2015 (Act No.III of 2015)2015 · PK-LAWThe Securities Act, 2015 (Act No. III of 2015) (2015-05-13)Regulation No. 6 of 2016Not in RegAlertRegulation No. 6 of 2016 — Not in RegAlertSRO 1252(I)/2020 ClearingHouses (Licensing & Operation…2020-11-24 · this documentSRO 1252(I)/2020 Clearing Houses (Licensing & Operations) (2020-11-24)
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 (2)
Issued under
  • The Securities Act, 2015 (Act No. III of 2015)2015 · PK-LAW

    “read with clause (a) sub-section (1) of section 23 of the Securities Act, 2015 (III of 2015)”

  • Regulation No. 6 of 2016Not in RegAlert

    “and regulation 6 of Clearing Houses (Licensing and Operations) Regulations, 2016”

Similar documents from other regulators

More like this from SECP

SECP published 4 documents in the last 30 days. We email you each new one the day it's published.

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

In RegAlert: added