Regulatory Alerts2012-06-18
Added · Updated
Stock Exchanges (Corporatisation, Demutualization and Integration) Regulations, 2012
These regulations establish the legal framework for the demutualization and integration of stock exchanges in Pakistan, defining specific eligibility criteria for strategic investors and anchor investors. They mandate the issuance and transfer of Trading Right Entitlement Certificates (TRECs) and prescribe the segregation of commercial and regulatory functions within exchanges. The document further outlines the procedural requirements for schemes of integration among transferor and successor exchanges and sets transitional provisions for maintaining Investors’ Protection Fund trusts.
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