Senate Passes SECP (Amendment) Bill, 2016
Umer Jamshaid Published July 21, 2016 | 06:51 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 21th july, 2016) : The Upper House of Parliament on Thursday passed the Securities and Exchange Commission of Pakistan (SECP) (Amendment) Bill, 2016 aimed at enhancing its functions and enabling the commission to act as integrated regulator. Minister for Law and Justices Zahid Hamid on behalf of Minister for Finance Mohammad Ishaq Dar piloted the bill in the House as reported by the Standing Committee. According to objectives of the Securities and Exchange Commission of Pakistan (Amendment) Bill, 2016, "to extensive changes in the jurisdiction and changing corporate structure of Securities and Exchange Commission of Pakistan (SECP).
The SECP feels the there is a need to amend the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997) to further enhance its functions and to enable it to act as integrated regulator." Accordingly, SECP has drafted the proposed bill to effectively regulate all the sectors regulated by it.
Related Topics
Recent Stories
PTI to stage nationwide protests against alleged electoral frauds
Senate continues discussion on Presidential address to Joint Sitting of Parliame ..
Masood Khan calls for Pak-US cooperation for regional peace
Interior Minister starts Margalla Trail Patrol for security
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
More Stories From Pakistan
-
Passco continue operations to procure 75000 ton wheat in Burewala zone, says zonal head
4 minutes ago -
Pak Chef attracts tourists through traditional cuisines at cooking competition
4 minutes ago -
World Earth Day observed in Sukkur
4 minutes ago -
JICA delegation visits Education Secretariat South Punjab
4 minutes ago -
NH&MP conducts road safety awareness seminar for students
4 minutes ago -
Lahore-Paris rally to highlight the positive image of Pakistan; Rana Mashhood
4 minutes ago
-
UK higher Education leaders visit CUI
4 minutes ago -
DPO inaugurates blood donation camp
4 minutes ago -
9th class student stabbed in Kohat
4 minutes ago -
Pak Chef attracts tourists through traditional cuisines at cooking competition
14 minutes ago -
Lahore police conducted 1,213 search & combing operations this year
14 minutes ago -
Inimical forces impeding Pakistan's development to be failed with nation's support: COAS
24 minutes ago