SECP notifies Licensed Persons Regulation 2016
ISLAMABAD, Feb 06 (INP): The Securities and Exchange Commission of Pakistan (SECP) on Saturday accorded its approval to the Licensed Persons (Obligations under voluntary winding up) Regulation 2016.
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. The new regulations are available on the SECP’s website.