AGL 34.48 Decreased By ▼ -0.72 (-2.05%)
AIRLINK 132.50 Increased By ▲ 9.27 (7.52%)
BOP 5.16 Increased By ▲ 0.12 (2.38%)
CNERGY 3.83 Decreased By ▼ -0.08 (-2.05%)
DCL 8.10 Decreased By ▼ -0.05 (-0.61%)
DFML 45.30 Increased By ▲ 1.08 (2.44%)
DGKC 75.90 Increased By ▲ 1.55 (2.08%)
FCCL 24.85 Increased By ▲ 0.38 (1.55%)
FFBL 44.18 Decreased By ▼ -4.02 (-8.34%)
FFL 8.80 Increased By ▲ 0.02 (0.23%)
HUBC 144.00 Decreased By ▼ -1.85 (-1.27%)
HUMNL 10.52 Decreased By ▼ -0.33 (-3.04%)
KEL 4.00 No Change ▼ 0.00 (0%)
KOSM 7.74 Decreased By ▼ -0.26 (-3.25%)
MLCF 33.25 Increased By ▲ 0.45 (1.37%)
NBP 56.50 Decreased By ▼ -0.65 (-1.14%)
OGDC 141.00 Decreased By ▼ -4.35 (-2.99%)
PAEL 25.70 Decreased By ▼ -0.05 (-0.19%)
PIBTL 5.74 Decreased By ▼ -0.02 (-0.35%)
PPL 112.74 Decreased By ▼ -4.06 (-3.48%)
PRL 24.08 Increased By ▲ 0.08 (0.33%)
PTC 11.19 Increased By ▲ 0.14 (1.27%)
SEARL 58.50 Increased By ▲ 0.09 (0.15%)
TELE 7.42 Decreased By ▼ -0.07 (-0.93%)
TOMCL 41.00 Decreased By ▼ -0.10 (-0.24%)
TPLP 8.23 Decreased By ▼ -0.08 (-0.96%)
TREET 15.14 Decreased By ▼ -0.06 (-0.39%)
TRG 56.10 Increased By ▲ 0.90 (1.63%)
UNITY 27.70 Decreased By ▼ -0.15 (-0.54%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,605 Increased By 33.2 (0.39%)
BR30 26,904 Decreased By -371.6 (-1.36%)
KSE100 82,074 Increased By 615.2 (0.76%)
KSE30 26,034 Increased By 234.5 (0.91%)
Pakistan

SECP notifies Investor Education and Awareness Fund Rules 2017

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) Monday notified the draft Investor Education an
Published June 19, 2017

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) Monday notified the draft Investor Education and Awareness Fund Rules, 2017, and the Unclaimed Shares, Modaraba Certificates, Dividend and Other Instruments Regulations, 2017, to obtain public opinion.

These rules and regulations have also been placed on the SECP's website, said a statement issued here.

The rules provide the legal framework for management and control of investor education fund.

As per the rules, the investor education fund would be managed and controlled by the SECP in a separate bank account and necessary books of accounts would be maintained for proper management of the fund.

The SECP would prepare the annual plan of investor awareness activities to be funded through the said fund.

An advisory committee consisting of members from stock exchange, Central Depository Company, market intermediaries, academia and representatives from the corporate sector would also be constituted.

The regulations provide the regulatory framework regarding the deposit of unclaimed shares, dividends and other instruments, their process of sale, claiming of refunds and filling of annual returns.

The establishment of the Investor Education and Awareness Fund would ensure sustainability in execution of the SECP's expanded investor advocacy, education and outreach activities.

The rules and regulations have been notified.

The public is requested to send their comments by email at [email protected] by June 29, 2017.

Copyright APP (Associated Press of Pakistan), 2017

Comments

Comments are closed.