SECP strives to strengthen reg­u­la­tory frame­work

The Pak Banker - - NATIONAL -

IS­LAM­ABAD: The Se­cu­ri­ties and Ex­change Com­mis­sion of Pak­istan (SECP) has been fo­cus­ing on strength­en­ing its reg­u­la­tory frame­work through in­tro­duc­tion of struc­tural and le­gal re­forms. The aimed at mar­ket de­vel­op­ment, en­sur­ing in­vestors'pro­tec­tion, in­creas­ing in­vestor base and cre­at­ing en­abling en­vi­ron­ment for busi­nesses. An­other ma­jor achieve­ment of the SECP in re­form­ing its le­gal

in­fra­struc­ture would be the in­tro­duc­tion of Com­pa­nies Bill, 2016,said in state­ment is­sued by SECP here on Sun­day. The SECP has con­cluded ex­ten­sive con­sul­ta­tions with all the stake­hold­ers to ob­tain their feed­back on pro­posed draft of com­pa­nies' bill. The SECP is or­ga­niz­ing a na­tional level sem­i­nar in Is­lam­abad on March 26 to high­light the im­por­tance and salient fea­tures of pro­posed com­pa­nies' bill. All lead­ing pro­fes­sion­als re­lated to cor­po­rate sec­tor and of­fice bearer of busi­ness as­so­ci­a­tions and other bod­ies would par­tic­i­pate while the hon­or­able fi­nance min­is­ter Muham­mad Ishaq Dar is likely be the chief guest. The draft com­pa­nies bill, once fi­nal­ized, will re­sult in in­vestor fa­cil­i­ta­tion, clar­ity in the role of var­i­ous stake­hold­ers and greater trans­parency.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.