SECP notifies Licensed Persons Regulation 2016
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has accorded its approval to the Licensed Persons (Obligations under voluntary winding up) Regulation 2016 on Saturday.
The new regulations are in line with its efforts to strengthen the capital market and to safeguard the interest of investors.
The Regulations prescribe the minimum requirements to be complied with by a licensed person prior to filing voluntary winding up petition. The requirements inter alia include settlement of investors’ claims and obtaining approval of the Commission.