SECP Issues Guidebook on Targeted Financial Sanctions and Terror Financing Compliance
The Securities and Exchange Commission of Pakistan has issued a guidebook directing regulated entities to strengthen sanctions screening, freeze designated assets and improve compliance procedures.
SECP Launches Targeted Financial Sanctions Guidebook for Regulated Entities
The Securities and Exchange Commission of Pakistan has issued a guidebook on targeted financial sanctions to help regulated entities strengthen compliance and prevent terrorist financing and other illicit financial activity.
SECP Proposes Referral Incentive Programs to Expand Investor Participation in Pakistan’s Capital Market
SECP proposes referral incentive programs allowing existing investors to introduce new clients to securities brokers, aiming to expand Pakistan’s capital market participation under regulated guidelines.
State Bank of Pakistan Revokes Foreign Exchange License of Riaz Exchange Company
State Bank of Pakistan withdraws the foreign exchange authorization of Riaz Exchange Company (Pvt.) Ltd after the firm requests voluntary closure of its operations.
Senate Finance Committee Approves SECP Act Amendment to Add Parliamentarians to Policy Board
Senate Standing Committee on Finance approves amendment to the SECP Act 1997 allowing an MNA and a senator to join the SECP Policy Board, increasing government-nominated members to six.
Muhammad Ali Farid Khwaja Appointed SECP Commissioner for Three-Year Term by Federal Government
The Federal Government appoints Muhammad Ali Farid Khwaja as SECP Commissioner for a three-year term, bringing fintech and capital markets expertise to Pakistan’s financial regulator amid ongoing digital finance reforms.
SECP Faces Backlash Over Rs. 7 Million Islamabad Club Membership for Outgoing Commissioner
The Securities and Exchange Commission of Pakistan is under scrutiny after approving a Rs. 7 million payment for the lifetime Islamabad Club membership of outgoing Commissioner Abdul Rehman Warraich, sparking criticism over public fund use and perks for senior officials.
SBP Updates Governance Rules, Permits Bank Board Members to Serve on Subsidiary Exchange Company Boards
The State Bank of Pakistan has amended its Corporate Governance Regulatory Framework to permit bank board members to also serve on the boards of their wholly-owned exchange companies, strengthening oversight and institutional alignment.
PSX and SECP Sign Strategic Partnership to Strengthen Market Surveillance
PSX and SECP have signed a strategic partnership granting SECP access to PSX’s advanced New Surveillance System. The collaboration aims to enhance market oversight, ensure transparency, and align Pakistan’s capital market with international standards.
SBP Revokes License of Money Masters Currency Exchange Over Regulatory Violations
The State Bank of Pakistan (SBP) has revoked the license of Money Masters Currency Exchange Company (Pvt.) Limited, citing serious violations of regulatory requirements and prohibiting the firm from operating any foreign exchange business across the country.