Rule · SECP · 11 Dec 2018
The Securities and Exchange Commission of Pakistan amends Regulation 4, sub-regulation (1), clause (o) of the Futures Brokers (Licensing and Operations) Regulations, 2018. The amendment inserts the phrase "ten percent or more" into the Explanation following the word "control". This change modifies the definition of control within the specified regulatory clause.
Government of Pakistan
Securities and Exchange Commission of Pakistan -.-.-.- Islamabad, 7 th December 2018 NOTIFICATION S. R. O. 1478 (I)/2018.- In exercise of the powers conferred by section 114 of the Futures Market Act, 2016 (XIV of 2016), the Securities and Exchange Commission of Pakistan is pleased to make the following amendment to the Futures Brokers (Licensing and Operations) Regulations, 2018, the same having been previously published in the official Gazette vide S.R.O. 1349 (I)/2018, dated November 05, 2018, namely:- In the aforesaid regulations, in regulation 4, in sub-regulation (1), in clause (o), in the Explanation, after the word “control” the words “ten percent or more” shall be inserted. [No. SY/SECP/8/13]
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“In exercise of the powers conferred by section 114 of the Futures Market Act, 2016 (XIV of 2016)”
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