RegAlertRule · SECP · 1 Nov 2019
SRO 1285 (I)/2019 Amendments in the Public Offering (Regulated Securities Activities Licensing) Regulations, 2017
The Securities and Exchange Commission of Pakistan amends Regulation 7(1) of the Public Offering (Regulated Securities Activities Licensing) Regulations, 2017, by deleting the requirement for receipt evidencing payment of the non-refundable fee specified in Schedule II. The Commission substitutes Schedule II with a revised table of fresh license fees for regulated securities activities, setting the fee for Banker to an issue at Rs. 500,000, Consultant to the issue at Rs. 200,000, and Underwriter at Rs. 250,000. All indicated fees must be paid through a bank challan in favour of the Securities and Exchange Commission of Pakistan.
GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.- Islamabad, the 28 th October, 2019 NOTIFICATION S.R.O. 1285 (I)/2019. __ In exercise of powers conferred by section 169 of the Securities Act, 2015 (III of 2015), the Securities and Exchange Commission of Pakistan is pleased to make the following amendments in the Public Offering (Regulated Securities Activities Licensing) Regulations, 2017, the same having been previously published vide Notification S.R.O. 752(I)/2019, dated July 05, 2019, and placed on the website of the Commission as required by sub-section (4) of the said section namely; In the aforesaid Regulations, (1) in Regulation 7, sub-regulation (1), the words “and receipt evidencing payment of non-refundable fee as specified in Schedule II” shall be deleted; (2) for Schedule II, the following shall be substituted, namely: - “SCHEDULE II* [See regulation 5 and 7] Sr. No. Name of regulated securities activity Fresh license fee 1 Banker to an issue Rs. 500,000 2 Consultant to the issue Rs. 200,000/- 3 Underwriter Rs. 250,000/- [*Table of fee revised as per the directive of Policy Board vide S.R.O. 716(I)/2019, dated 2nd July, 2019 ] All the fees indicated above shall be paid through a bank challan in favour of the Securities and Exchange Commission of Pakistan.” ______________________________________________________________________________
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The links and the sentences they come from (2)
- Issued under
“revised as per the directive of Policy Board vide S.R.O. 716(I)/2019, dated 2nd July, 2019”
- The Securities Act, 2015 (Act No. III of 2015)2015 · PK-LAW
“In exercise of powers conferred by section 169 of the Securities Act, 2015 (III of 2015)”
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