Amalgamated Securities, Futures Market Bill: SECP officials brief NA body

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP),Wednesday, informed that the process of amalgamation of the Securities Act, 2015 and the Futures Market Act, 2016 has been undertaken to transform and modernise the legal structure of the capital market.

The SECP officials informed the sub-committee of the National Assembly Standing Committee on Finance that the amalgamated Securities and Futures Market Bill is under review and would be awaited to be approved by the National Assembly.

The sub-committee meeting was held at the SECP Headquarters here on Wednesday.

The sub-committee reviewed in detail the amendments in the draft bill. NA Standing Committee on Finance has constituted a sub-committee to review the legislation related to the SECP. After review, the report will be submitted to the main committee for consideration.

The SECP officials informed that the bill will consolidate law for the regulation of securities and futures markets, protection of investors and matters connected or ancillary therewith.

Copyright Business Recorder, 2023