Securities and

Exchange Commission
of Pakistan
 • Global Perspective
• US Stock market crisis 1929
• Securities Exchange Act of 1934
• Independent federal government
Securities and agency
Exchange • Establish security rules and regulation
Commission • responsible for

(SEC) • oversee organizations and

individuals
• protecting investors
• facilitating capital formation
 • Before SECP, corporate law authority
was regulating all financial institutins of
Pakistan.
• Corporate law authority was
Securities and restructured under the Act 1997 By
Asian development bank.
Exchange
• In 1999 SECP was formed
Commission • The SECP is the financial regulatory
of PAKISTAN agency in Pakistan whose objective is to
develop a modern and efficient
(SECP) corporate sector
• In order to encourage investment and
foster economic growth and prosperity
in Pakistan.
 • Vision: is the development of modern and
efficient corporate sector and capital market based
on sound regulatory principles.
• Mission : is to develop a fair, efficient and
transparent regulatory framework, based on
international legal standards and best practices, for
Mission, the protections of investors and mitigation of
systematic the risk and increase growth of
Vision and corporate and capital market in Pakistan.
• Objectives:
strategy • Integrity
• Accountability
• Discipline
• Fairness and transparence
• Commitment to excellence
• Respect for people
 About SECP

Mr. Aamir Khan the Chairman of the Securities and Exchange Commission of Pakistan.
• The SECP's head office is located in the NIC Building on Jinnah Avenuein the Blue Area of
Islamabad, Pakistan's capital.
• It also has regional offices called Company Registration Offices (CROs) in Karachi, Lahore,
Multan, Peshawar, Sukkur, Faisalabad and Quetta.
 • Regulation of
• Corporate Market
• Capital Market
• Super vision and regulations
• of insurance companies
Roles of • Non banking finance and private
SECP pension scheme
• Over sight
• Charter accountant
• Credit rating agencies
• Brokers etc.
Functions
Process of
Registratio
n of
company
SECP DIVISION
 Corporatization and compliance department :Is responsible for
administration of the 1984 Companies Ordinance, and the rules
and regulations made under it, along with other relevant laws.
• its primary functions include registration of companies,
regulating their statutory functions, and monitoring of
corporate compliance through examination of statutory

COMPANY
returns and accounts.
• These functions are performed by the eight regional
offices of the SECP called the Company Registration

LAW Offices (CROs). The department supervises, coordinates

and monitors the working of the CROs.

DIVISION • Corporate supervision department is responsible for

regulation and enforcement of companies listed on stock
exchanges, public unlisted companies, private companies
having paid-up capital of Rs100 million and above and
companies formed under section 42 and 43 of the 1984
Companies Ordinance (except insurance companies, non-
banking finance companies and modarabas) with relevant laws
and applicable accounting standards through review of
accounts, investigation, and prosecution.
 • The Securities Market Division (SMD) is
responsible for monitoring, regulating,
Securities and developing the securities market.
Market • It regulates the primary and secondary
markets as well as market
Division intermediaries through registration,
investigation, enforcement, and rule
(SMD) making, with the objective of
protecting investors interest.
 Specialized companies division

• The SCD strives to provide a regulatory environment which is conducive for development and
promotion of a robust Non-Bank Financial (NBF) Sector.
• The major functions performed by SCD for the NBF Sector include: licensing, registration,
regulation, on-site inspection, off-site surveillance and
• For operational ease and enhanced efficiency, the SCD has been divided into two main
Departments:
• Policy, Regulation and Development Department (PRD)
• Supervision and Enforcement Department enforcement.
 • The Securities and Exchange Commission of
Pakistan has been regulating the Insurance
Insurance industry, since January 2001.
• The SECP regulates and monitors the Insurance
division Sector in the country through powers vested in
the Insurance Ordinance,2000 and the
Companies Ordinance, 1984.
Insurance
division
Any Questions?