CRC rules amended.

ISLAMABAD -- In a bid to streamline investment processes, the Securities and Exchange Commission of Pakistan has proposed amendments to the Corpor-ate Restructuring Compa-nies (CRCs) Rules 2019.

The draft amendments have been placed on SECP's website for public consultation and the stakeholders can provide their comments on draft amendments by Feb 7.

Key proposed changes include procedures for raising funds and extending financing for the acquisition, trust liquidation, composition and governance of the Corporate Restruc-turing Board (CRB) and its functions and budgetary allocations.

The proposed amendments will simplify the process of rehabilitating distressed entities by providing greater flexibility for CRCs to undertake agency functions for recovery and restructuring, this includes the options for any trust to be...