SECP Extends Timeline for Meeting Paid-Up Capital and Equity Requirements by Central Depository - Android

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SECP Extends Timeline for Meeting Paid-Up Capital and Equity Requirements by Central Depository - Android

The Securities and Exchange Commission of Pakistan (SECP) has extended the timeline up to 2026 for meeting the paid-up capital Read More

The post SECP Extends Timeline for Meeting Paid-Up Capital and Equity Requirements by Central Depository appeared first on .

The Securities and Exchange Commission of Pakistan (SECP) has extended the timeline up to 2026 for meeting the paid-up capital and equity requirements by the “Central Depository”.

In this connection, the SECP has issued S. R. O. 19 (I)/2021 here on Thursday.


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According to the notification, the SECP has notified that the “Central Depository” licensed under the said Securities Act, 2015 shall be required to maintain paid-up capital of Rs. 4.00 billion by February 15, 2026, and a net worth of Rs. 7.00 billion by February 15, 2026.


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Under the Financial Resources Requirement for the “Central Depository”, the SECP may require the applicant to achieve and maintain, as a licensing condition, a higher paid-up capital, and net-worth in a progressive manner.

A central depository registered with the Commission shall be required to maintain minimum paid-up capital and net-worth within the timelines as provided.

The post SECP Extends Timeline for Meeting Paid-Up Capital and Equity Requirements by Central Depository appeared first on .

14/01/2021 05:16 PM