SECP

The Securities and Exchange Commission (SECP) prohibits companies from accepting funds from blacklisted international NGOs – Trendy Blogger

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The Securities and Exchange Commission (SECP) prohibits companies from accepting funds from blacklisted international NGOs – Trendy Blogger

Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has taken strict measures to prevent companies from accepting funding from blacklisted or unregistered international non-governmental organizations (INGOs) operating within Pakistan. In a notification issued on Monday, the Securities and Exchange Commission of Pakistan proposed amendments to the Companies Regulations 2024, emphasizing that companies should not … Read more

The Securities and Exchange Commission (SECP) provides detailed guidelines for mutual fund investment plans – Trendy Blogger

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The Securities and Exchange Commission (SECP) provides detailed guidelines for mutual fund investment plans – Trendy Blogger

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has updated the regulatory framework for the mutual fund industry by introducing specific requirements for “investment plans”. These updates are based on provisions added through the amendments to the Non-Banking Finance Companies and Reported Entities Regulations 2008 (NBFC Regulations), according to a press release. The framework … Read more

The SECP Appellate Body rejects the appeals of United Insurance and SPI Insurance – Trendy Blogger

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The SECP Appellate Body rejects the appeals of United Insurance and SPI Insurance – Trendy Blogger

The Appellate Body of the Securities and Exchange Commission of Pakistan (SECP) has dismissed the appeals filed by United Insurance Pakistan Limited and SPI Insurance Limited, which have now been fully merged into United Insurance. The appeals challenged the SEC’s guidance regarding the collection of insurance security and the subsequent penalty for noncompliance. The first … Read more

SECP discontinues the escrow business of Crescent Star Insurance – Trendy Blogger

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The Securities and Exchange Commission (SECP) prohibits companies from accepting funds from blacklisted international NGOs – Trendy Blogger

The Securities and Exchange Commission of Pakistan (SECP) has directed Crescent Star Insurance Limited (Crescent Star) to discontinue its guarantee business under Section 60 of the Insurance Act, 2000. The decision comes after the company issued guarantees worth Rs. 229 billion without obtaining the required guarantees or proper reinsurance arrangements. According to the details, to … Read more

SECP bans 142 unauthorized digital lending apps – Trendy Blogger

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SECP bans 142 unauthorized digital lending apps – Trendy Blogger

The Securities and Exchange Commission of Pakistan (SECP) is intensifying its regulatory oversight of capital markets and companies, targeting illegal financial practices while enhancing investor confidence through advanced technology-based initiatives. The Securities and Exchange Commission (SECP) bans 142 unauthorized digital lending apps and takes action against more than 50 unregistered deposit-taking entities and fraudulent investment … Read more

SECP rejoins IOPS as a governing member to advance pension sector reforms – Trendy Blogger

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The SECP Appellate Body rejects the appeals of United Insurance and SPI Insurance – Trendy Blogger

Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has rejoined the International Organization of Pensions Supervisors (IOPS) as a governing member, reaffirming its commitment to strengthening the pension sector in the country. This renewed membership underscores the Pakistan Securities and Exchange Commission’s focus on adopting global best practices to strengthen retirement income systems in … Read more