The Securities and Exchange Commission of Pakistan (SECP) has extended its licence renewal deadline to February 16 for NGOs. The decision has been taken at the request of many relevant stakeholders. The SECP has made it clear that no further extension will be made. The NGOs' licences that are not renewed will be revoked. The SECP vide its circular No 29/2008, of December 24, 2008, had detailed the requirements for making application for renewal of the licence.
Accordingly, all the non-profit associations, which obtained their licences before January 1, 2010, have now again been directed to apply to the SECP for renewal of their licence by February 16 positively.-PR