SECP Imposes Supervisory Fee On Listed Companies

ISLAMABAD, (UrduPoint / Pakistan Point News - 25th july,2016) : The Securities and Exchange Commission of Pakistan (SECP) has imposed supervisory fee on all the companies listed on pakistan stock exchange (PSX).

It is applicable with effect from July 1, 2016, said a statement issued here Monday by the commission.

The fee will be collected by psx, at the rate of ten percent of its listing fee, on behalf of the SECP. It is to be paid by the listed companies in addition to the listing fee paid to the PSX.

The SECP continuously monitors the affairs of listed companies, and the process requires extra efforts and human capital. Similar fee is being charged by the regulators in other jurisdictions as well.