SECP reorganised into five divisions, five departments

The Securities and Exchange Commission of Pakistan (SECP) in respect of its functions and to exercise its powers effectively and efficiently has reorganised itself into five Divisions and five Departments, apart from the Appellate Bench, and Chairman, and Commission Secretariat.
The Divisions are: Company Law Division (CLD); Securities Market Division (SMD); Specialised Companies Division (SCD); Insurance Division (ID); and Strategy, Development, Legislation and External Relations (SDLER) Division. The Departments are: Information Systems and Technology Department; Finance Department; Human Resource and Training Department; Administration Department; and Internal Audit Department.
The objective is to streamline the workflow process, proper utilisation of the work force and to ensure effective regulation of the capital market and corporate sector and to facilitate and protect investors'' interests. The work of each Division has further been divided into Departments and Wings in order to handle the specific and specialised nature of assignments by the teams of professionals having knowledge of the specific areas and experience in the relevant fields.
SMD has been divided into two departments, ie, Market Supervision and Capital Issues Department, and Policy, Regulation and Development Department. While the former will oversee broker registration, capital issues, compliance, market surveillance, litigation and inspection functions, the latter will focus on policy and regulation matters pertaining to stock and commodity exchanges.
Separate wings have been created in each department to focus on specific areas of significance like development of debt market and commodities markets. The SCD and ID shall have two departments each - Policy, Regulation and Development Department and Supervision Department.-PR