RegAlert

Rule · SECP · 18 Sep 2020

SRO 890(I)/2020: Powers of the Commission delegated to Commissioner (Securities Market Division)

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The Securities and Exchange Commission of Pakistan delegates to the Commissioner (Securities Market Division) the power under regulation 25A of the Credit Rating Companies Regulations, 2016 to grant relaxation from the requirement of regulations. The delegation continues S.R.O. 123(I)/2016, dated 27th February, 2017, and is subject to conditions and limitations the Commission may impose from time to time.

PakistanSecurities and Exchange Commission of Pakistan

GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.-.

Islamabad, the 18th September, 2020

NOTIFICATION

S.R.O. 890 (I)/2020.- In exercise of the powers conferred by section 10 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997) (the Act), the Securities and Exchange Commission of Pakistan (the Commission), in continuation of its previous S.R.O. 123(I)/2016, dated 27th February, 2017, subject to such conditions and limitations as it may from time to time impose, hereby delegates the following powers and functions of the Commission to Commissioner (Securities Market Division), namely:-

Powers of the Commission delegated to Commissioner (Securities Market Division):

Sr. No.Relevant regulation of the Credit Rating Companies Regulations, 2016Nature of power/function
1.25ATo grant relaxation from the requirement of regulations.

[F.No.SMD/CIW/CR/03/2012]

( Bilal Rasul )
Secretary to the Commission

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The Securities and ExchangeCommission of Pakistan Act, 1997 …1997 · PK-LAWThe Securities and Exchange Commission of Pakistan Act, 1997 (Act No. XLII of 1997) (1997-12-19)SRO 890(I)/2020: Powers of theCommission delegated to Commi…2020-09-18 · this documentSRO 890(I)/2020: Powers of the Commission delegated to Commissioner (Securities Market Division) (2020-09-18)
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