RegAlert2017-04-26
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Stock Exchanges (Corporatisation, Demutualization and Integration) Regulations, 2012
These regulations establish the legal framework for the corporatization, demutualization, and integration of stock exchanges in Pakistan, defining key terms such as 'anchor investor' and 'Exchange'. They set specific eligibility criteria for strategic investors, including a minimum net equity of Rs. 20 billion and operational history requirements, while mandating the issuance and transfer procedures for Trading Right Entitlement Certificates (TRECs). The document outlines the procedural steps for integrating stock exchanges, including the submission of schemes of integration and the subsequent status of transferor exchanges as public companies. Additionally, it provides transitional provisions for maintaining Investors’ Protection Fund trusts to safeguard claimants until new customer protection compensation funds are established under the Securities Act, 2015.
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SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN NOTIFICATION Islamabad, the 18th June, 2012 S.R.O. 750 (I)/2012.- In exercise of its powers under Section 23 of the Stock Exchanges (Corporatisation, Demutualization and Integration) Act, 2012, the Securities and Exchange Commission of Pakistan hereby makes the following regulations namely:- [Whereas it is expedient and necessary to provide for matters related to demutualization and integration of the stock exchanges pursuant to the Stock Exchanges (Corporatisation, Demutualization and Integration) Act, 2012 and further measures for transitional matter arising from the integration of the stock exchanges under the said Act and for the matters connected therewith or ancillary thereto. AND whereas it is expedient and necessary to facilitate and complete the process of divestment in a transparent manner in the interest of the capital market.] [Part I PRELIMINARY]
- Short title and commencement.- (1) These Regulations may be called the Stock
Exchanges (Corporatisation, Demutualization and Integration) Regulations, 2012. (2) They shall come into force at once. - Definitions.- (1) In these Regulations, unless there is anything repugnant in the
context or subject:
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Lineage: In force
Show all related documents (11)
- Amends
- Amendments to Stock Exchanges Regulations, 2012 regarding Offer for Sale and Self-Listing2017Regulation No. 1246(I)/2015 dated 2015-12-17not in RegAlertRegulation No. 1253(I)/2015 dated 2015-12-18not in RegAlertRegulation No. 133(I)/2016 dated 2016-02-18not in RegAlertRegulation No. 935(I)/2015 dated 2015-09-15not in RegAlertRegulation No. 935(I)/2016 dated 2016-10-03not in RegAlert
- Issued under
- Stock Exchanges (Corporatisation, Demutualization and Integration) Act, 2012not in RegAlert
- Refers to
- Futures Market Act, 2016 (Act No. XIV of 2016)2016The Securities Act, 2015 (Act No. III of 2015)2015Central Depositories Act, 1997 (Act No. XIX of 1997)1997The Companies Ordinance, 1984 (Ordinance No. XLVII of 1984)1984
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This document amends: Amendments to Stock Exchanges Regulations, 2012 regarding Offer for Sale and Self-Listing
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
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