(SECP) : AsiaNet-Pakistan

Tag: (SECP)

Aimed COVID-19; SECP measures to facilitate Insurers and policyholders

May 11, 2020 | General, Official News

Islamabad, May 11, 2020 (PPI-OT): To facilitate insurance policyholders in current challenging times, the Securities and Exchange Commission (SECP) has asked insurance companies to waive non-mandatory requirements for claims processing. SECP has also advised insurers to use alternative methods for …

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Microfinance industry needs to strengthen resilience and risk management: Aamir Khan

May 6, 2020 | General, Official News

Islamabad, May 06, 2020 (PPI-OT): SECP Chairman, Aamir Khan emphasized that in these challenging times the development of microfinance industry depends upon the resilience and risk management, achieved through quintessential pillars of liquidity-tapped through private capital and technology embracement. Khan …

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SECP asks insurers to extend coverage of Motor Insurance Policies

April 29, 2020 | General, Official News

Islamabad, April 29, 2020 (PPI-OT): In light of the outbreak of COVID-19 (Coronavirus), the Securities and Exchange Commission of Pakistan (SECP) has advised non-life insurance companies to grant one month free of cost extension in insurance coverage to all motor …

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SECP Reaches Out to Market Due to COVID-19 Pandemic

April 23, 2020 | General, Official News

Islamabad, April 23, 2020 (PPI-OT): The Securities and Exchange Commission of Pakistan’s (SECP) is actively engaging the market stakeholders to mainly assess the situation arising out of the COVID-19 pandemic and its impact on the capital markets. Chairman SECP held …

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Chairman SECP meets Chairperson FBR on Tax Proposals

April 22, 2020 | General, Official News

Islamabad, April 22, 2020 (PPI-OT): The Chairman SECP called upon the Chairperson FBR today to discuss a number of taxation policy reforms that are essential for the development of Pakistan’s capital markets, corporate sector, non-banking finance industry, REIT and insurance …

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In wake of Covid-19, SECP asks microfinance institutions to facilitate borrowers

April 21, 2020 | General, Official News

Islamabad, April 21, 2020 (PPI-OT): To facilitate borrowers of non-bank lending companies (NBFCs), the SECP has allowed deferment of repayment of principal and rescheduling of loans, based on borrowers’ requests. To further facilitate small borrowers and microenterprise, the regulators has …

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SECP announces SROs operational including PSX, NCCPL and CDC

March 24, 2020 | General, Official News

Islamabad, March 24, 2020 (PPI-OT): In view of the fact that banks and stock market are vital instruments of country’s financial system, the Securities and Exchange Commission of Pakistan (SECP) has announced that the all Capital Market entities would be …

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SECP relaxed regulatory deadlines amid COVID-19 Pandemic

March 24, 2020 | General, Official News

Islamabad, March 24, 2020 (PPI-OT): To facilitate companies and businesses in dealing with current crises due to COVID-9 pandemic, the SECP has relaxed the regulatory deadlines under Companies Act. The Commission using its powers conferred under section 510 of the …

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SECP linked short selling with uptick rule in future market

March 19, 2020 | General, Official News

 

Islamabad, March 19, 2020 (PPI-OT): In the wake of COVID-19 and its unprecedented effect on global stock markets, the Securities and Exchange Commission of Pakistan (SECP), in consultation with market stakeholders and market infrastructure institutions, has decided that for …

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SECP Introduces Cyber Security Framework for Insurance Sector

March 17, 2020 | General, Official News

Islamabad, March 17, 2020 (PPI-OT): The SECP has issued guidelines on cybersecurity framework for the Insurance Sector, providing principles to make the information technology systems of insurance companies and their partners secure and resilient. Cyber risk presents an evolving challenge …

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SECP Reviews Stock Market Situation with SROs

March 13, 2020 | General, Official News

Islamabad, March 13, 2020 (PPI-OT): The Securities and Exchange Commission of Pakistan’s (SECP) team lead by the Chairman SECP and Commissioner(SM) held a detailed meeting with the CEOs of Pakistan Stock Exchange, National Clearing Company and Central Depository Company (Self-Regulatory …

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Coronavirus contingency planning for general meetings of shareholders

March 12, 2020 | General, Official News

Islamabad, March 12, 2020 (PPI-OT): In light of the threat posed by the evolving COVID-19 situation (Corona Virus) and to protect the wellbeing of shareholders, the Securities and Exchange Commission of Pakistan (SECP) advised all companies to modify their usual …

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