Regulatory Alerts2026-01-12
Added · Updated
The Research Analyst Regulations, 2015 (updated as of January 2, 2026)
The Securities and Exchange Commission of Pakistan amends the Research Analyst Regulations, 2015 to redefine key terms such as research analyst, research report, and public appearance, while introducing a new head of research role. The update mandates specific educational and experience qualifications for individual analysts and heads of research, and establishes a prohibition on acting as a research analyst without Commission registration. It further imposes strict requirements on internal policies, conflict of interest management, compensation structures, and trading restrictions for analysts and their close relatives.
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