Structuring of Debt Securities Regulations, 2020

Government of Pakistan
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Islamabad, 11th January, 2017 NOTIFICATION S.R.O.15(I)/2017.- In exercise of powers conferred by section 169 read with subsection (4) thereof and sections 63, 64, 65, 68 and 69 of the Securities Act, 2015 (Ill of 2015), and having been previously published in the official Gazette vide notification S.R.O.1009(I)/2016 dated October 27, 2016 as required by sub-section (4)of section 169 thereof, the Securities and Exchange Commission of Pakistan hereby makes the following Regulations, namely:-
CHAPTER I
PRELIMINARY

1. Short title, commencement and applicability. - (1) These Regulations shall be
   called the 1
   [Structuring of Debt Securities Regulations, 2020].
   (2) They shall come into force at once.
   [(3) They shall apply to debt security issuance both under the applicable private placement or public offering framework.]
2. Definitions. - (1) In these Regulations, unless there is anything repugnant in the
   subject or context, -
   (a) "Act" means the Securities Act, 2015 (Ill of 2015); (b) "Commission" means the Securities and Exchange Commission of Pakistan established under section 3 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997); [(ba) "Companies Act " means the Companies ACT, 2017 (XIX of 2017);] [(c) “debt security” includes- (i) any instrument creating or acknowledging indebtedness which is issued or proposed to be issued by a company including in particular, debentures stock, loan stock, bonds, notes, commercial paper, term finance certificates, sukuk or any other conventional or Islamic debt