Draft rules for non-bank financial sector issued.

ISLAMABAD -- In pursuance of reforming the non-bank financial services, the Securities and Exchange Commission of Pakistan has issued draft Self-Regulatory OrganisaAtions (RegistraAtion) RegulaAtions 2021 for soliciting public feedback.

These transformational regulations, being introduced for the first time under the SECP Act 1997, are intended to promote establishment of self-regulatory organisations (SROs) to inculcate self-discipline and collective responsibility amongst market players, with a view to...