AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to appoint new auditors for carrying out the audit of the SECP Regulated Entities.

In this regard, the SECP has issued a Circular No 03 of 2024.

The SECP Regulated Entities included securities brokers, futures brokers, asset management companies, insurance companies and their distribution agents, securities and futures advisors and others.

Investors, startups: PTBA urges SECP to update guidelines, remove procedural snags

Through this circular, the SECP has asked the auditors/eligible firms to submit its application in the prescribed form to the Commission by the end February 2024 for working as auditors to conduct audit of SECP Regulated Entities.

The SECP has decided to revise the list of auditors for audit of SECP Regulated Entities.

Accordingly, it is informed that “Junaidy Shoaib Asad” is being included under clause (ii) of the revised Annexure I. Further, any eligible firm desiring its enlistment or sharing updated information may submit its application in the prescribed form to the Commission by the end of February.

The SECP has issued circular in continuation and partial modification of its earlier Circular No 4 of 2023 dated April 03, 2023, in exercise of the powers under Section 20(4)(jb) of the Securities and Exchange Commission of Pakistan Act, 1997, read with Section 2 (iii) of the Securities Act, 2015; Section 2 (3) of the Futures Market Act, 2016; Section 15 and 41B of the Modaraba Companies and Modaraba (Flotation and Control) Ordinance, 1980 read with rule 19 of the Modaraba Companies and Modaraba Rules, 1981; Section 17 of the Corporate Restructuring Companies Act, 2016; sub-section (1)(a) of Section 48 of the Insurance Ordinance 2000; Section 282B of the Companies Ordinance, 1984; rule 7(1)(ba) of the NBFC Rules, 2003; and regulation 38(2)(h) of the Non-Banking Finance Companies and Notified Entities Regulations 2008.

Copyright Business Recorder, 2024

Comments

Comments are closed.

Zubair Edhy Feb 10, 2024 12:02am
Your headline is misleading. It seems SECP has updated list of approved auditors. The regulated entities can select any auditor from the list. It is not SECP appointing the auditor.
thumb_up Recommended (0)