Regulatory Alerts2021-01-25
Added · Updated
Structuring of Debt Securities Regulations, 2020
The Securities and Exchange Commission of Pakistan establishes licensing requirements, eligibility criteria, and operational duties for debt securities trustees. The regulations mandate a minimum equity of fifty million rupees and an entity credit rating of at least A- for license applicants, while exempting scheduled banks and development financial institutions from specific licensing procedures subject to compliance. Trustees are required to execute trust deeds, monitor issuer covenants, and report semi-annually on compliance and redemption reserves to protect debt security holders.
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