Regulatory Alerts2021-10-28
Added · Updated
The Public Offering (Regulated Securities Activities Licensing) Regulations 2017
The Securities and Exchange Commission of Pakistan mandates that bankers to an issue, consultants to the issue, underwriters, and debt securities trustees must obtain a license or permission to perform their functions. The regulations establish eligibility criteria, application procedures, and a one-year license validity period, while exempting scheduled banks and development financial institutions from full licensing if they secure specific Commission permission and pay prescribed non-refundable fees. These entities are also required to maintain records for at least ten years and comply with ongoing regulatory obligations.
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