SECP Approves Amendments To Regulations For Licensing, Operation Of
Central Depository
Sumaira FH Published August 11, 2016 | 10:31 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 11th August, 2016) : Securities and Exchange Commission of Pakistan (SECP) in consultation with the CDC and other participants, has proposed amendments to the Central Depositories (Licensing and Operations) Regulations, 2016. A statement issued by the Commission here Thursday said the regulation was proposed in order to promote good corporate governance and enhance public confidence. The proposed amendments have been notified in the official gazette and also made available on the official website of SECP so as to obtain public comments by August 24, 2016.
The proposed amendments to the regulations are aimed at providing clarity with respect to process of appointment of independent directors.
The fit and proper criteria applicable to a central depository, its substantial shareholders, directors and senior management officers is further augmented. Also in order to have clarity regarding roles and responsibilities of chief compliance officer, appropriate amendments have been proposed to the regulations.
Recent Stories
Dar for joint action to counter Islamophobia in context of Israeli aggression ag ..
Azam Tarar urges for effective implementation of Action Plan for Human Rights
PAF cadets' graduation ceremony held
One-day national seminar "Great Power Competition: Challenges and Opportunities ..
10 firms submit LoIs for PIA: Aleem Khan
Saudi Arabia launches Nusuk pilgrim card for the Hajj of 2024
High Commissioner Hawkins hosts reception to mark 'Australia Day in Spring'
PM forms inquiry committee to probe matter of wheat import
E-Evidence system inaugurated in Bahawalnagar district courts
Bitterness at UCLA as Gaza protest cleared
Kenya, Tanzania brace for cyclone as heavy rains persist
DC reviews seven-day anti-polio drive in Federal Capital
More Stories From Pakistan
-
Dar for joint action to counter Islamophobia in context of Israeli aggression against Palestine
6 hours ago -
Azam Tarar urges for effective implementation of Action Plan for Human Rights
6 hours ago -
PAF cadets' graduation ceremony held
6 hours ago -
One-day national seminar "Great Power Competition: Challenges and Opportunities for Pakistan" held
7 hours ago -
Saudi Arabia launches Nusuk pilgrim card for the Hajj of 2024
7 hours ago -
High Commissioner Hawkins hosts reception to mark 'Australia Day in Spring'
7 hours ago
-
PM forms inquiry committee to probe matter of wheat import
7 hours ago -
E-Evidence system inaugurated in Bahawalnagar district courts
7 hours ago -
DC reviews seven-day anti-polio drive in Federal Capital
7 hours ago -
President stresses measures to ensure safety, security of journalists
7 hours ago -
Speakers for joint efforts to boost global climate action through Climate Action Committee
7 hours ago -
IHC adjourns hearing of appeals against conviction in cipher case
7 hours ago