SECP or­ga­nizes sem­i­nar for busi­ness man­age­ment stu­dents

The Pak Banker - - NATIONAL -

Se­cu­ri­ties and Ex­change Com­mis­sion of Pak­istan (SECP) has or­ga­nized an in­vestor education and aware­ness sem­i­nar for the stu­dents of Busi­ness man­age­ment. The event was or­ga­nized un­der SECP cam­paign 'Jama­punji' at the In­sti­tute of Man­age­ment Sci­ences, Pe­shawar, said a state­ment is­sued here Mon­day.

The event was or­ga­nized in col­lab­o­ra­tion with the Ca­reer De­vel­op­ment Cen­tre of IMS and a large num­ber of stu­dents at­tended the event. The stu­dents were briefed on the SECP and its role as an apex reg­u­la­tor of the non­bank­ing fi­nan­cial sec­tor, fol­lowed by a dis­cus­sion on the sig­nif­i­cance of sav­ings and per­sonal fi­nan­cial plan­ning for the stu­dents.

The stu­dents were briefed on the sig­nif­i­cance and im­pact of sav­ings from an early stage and its ben­e­fits in the long run through small but reg­u­lar in­vest­ments. The dis­cus­sion fo­cused on cap­i­tal mar­kets and mu­tual funds and their func­tions as po­ten­tial in­vest­ment av­enues. Dr. Muham­mad Mohsin Khan, Di­rec­tor, IMS, thanked the SECP for tak­ing such an im­por­tant ini­tia­tive.

"We are im­part­ing the­o­ret­i­cal knowl- edge about fi­nance and other ar­eas, he said. How­ever, it is ex­tremely im­por­tant that stu­dents need to have mar­ket-based knowl­edge," he added. He said the bi­fur­ca­tion of le­gal and il­le­gal in­vest­ment av­enues are crit­i­cal for se­cur­ing them from po­ten­tial frauds. He also high­lighted the need to have more ac­tiv­i­ties of this na­ture so that the up­com­ing stu­dents can also ben­e­fit from the mar­ket-based knowl­edge.

Mean­while, The Ap­pel­late Bench of the Se­cu­ri­ties and Ex­change Com­mis­sion of Pak­istan (SECP) has dis­posed of 126 ap­peals dur­ing the pe­riod from July to De­cem­ber 2015. A state­ment is­sued by the Com­mis­sion here Mon­day said that the SECP has achieved zero pen­dency by dis­pos­ing all ap­peals dur­ing the pe­riod un­der re­view. It said that the Ap­pel­late Bench was re­con­sti­tuted af­ter the ap­point­ment of new Com­mis­sion­ers aimed to ex­pe­dite the dis­posal of ap­peals filed be­fore the Ap­pel­late Bench. There were 129 pend­ing ap­peals be­fore the Ap­pel­late Bench for the pe­riod July 1 to De­cem­ber 2015, which in­clude a car­ry­over of 113 ap­peals and 16 new ap­peals were reg­is­tered dur­ing this pe­riod.

A to­tal 126 ap­peals were fixed for hear­ing and ad­ju­di­ca­tion dur­ing July 2015 to De­cem­ber 2015. All ap­peals were dis­posed of af­ter giv­ing op­por­tu­nity of hear­ing to the par­ties con­cerned, how­ever 13 ap­peals were dis­missed due to non-ap­pear­ance and non-pros­e­cu­tion of the ap­pel­lants, who failed to ap­peal be­fore the Ap­pel­late Bench de­spite sev­eral no­tices. Whereas, only three ap­peals re­main un­fixed as there were re­strain­ing or­ders from courts. The Chair­man SECP, Za­far Hi­jazi has ap­pre­ci­ated the Ap­pel­late Bench's ac­com­plish­ment of dis­pos­ing of all the pend­ing ap­peals and said that the prompt dis­posal of in­vestor's com­plaints and ap­peals is im­por­tant for in­vestor con­fi­dence.

He stated that if a le­gal re­dress is avail­able for a party that has suf­fered some in­jury, but is not forth­com­ing in a timely fash­ion, it is ef­fec­tively the same as hav­ing no re­dress at all. The Chair­man, wished that Ap­pel­late Bench shall keep its cur­rent per­for­mance for ad­min­is­tra­tion of jus­tice to en­sure the de­vel­op­ment of the cap­i­tal mar­ket and cor­po­rate sec­tor. The SECP's Ap­pel­late Bench is man­dated to hear ap­peals against the or­ders passed ei­ther by a Com­mis­sioner or any other of­fi­cer au­tho­rized in this be­half. Each bench com­prises of two Com­mis­sion­ers.

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