ABOUT US
SECP ACT 1997
PRELIMINARY
THE COMMISSION
THE BOARD
CONFLICT OF INTEREST
DISQUALIFICATION, REMOVAL, RESIGNATION AND VACANCIES
POWERS AND FUNCTIONS
FINANCE
ENFORCEMENT AND INVESTIGATION
CONFIDENTIALITY OF INFORMATION
COGNIZANCE AND PROSECUTION OF OFFENCES
RULES AND REGULATIONS
GENERAL
THE SCHEDULE
   
ORGANIZATION
BILATERAL AGREEMENTS
INTERNATIONAL MEMBERSHIPS

 

 


PUBLISHED BY AUTHORITY
ISLAMABAD, FRIDAY, DECEMBER 26, 1997

Acts, Ordinance, President’s Orders and Regulations
SENATE SECRETARIAT
Islamabad, the 26th December, 1997

No. F.9(51)/97-Legis.- The following Act of Majilis-e-Shoora (Parliament) received the assent of the Acting President on the 19th December, 1997, is hereby published for general information: Act No. XLII of 1997

An Act to provide for the establishment of the Securities and Exchange Commission of Pakistan and to provide for matters connected therewith and incidental thereto.

WHERE AS it is expedient to provide for the establishment of the Securities and Exchange Commission of Pakistan for the beneficial regulation of the capital markets, superintendence and control of corporate entities and for matters connected therewith and incidental there to;

It is hereby enacted as follows.

CONTENTS
PART I
PRELIMINARY
  Short title and commencement
  Definitions
 
PART II
THE COMMISSION
  Establishment of the Commission
  Head Office
  The Commissioners
  The Chairman
  Term of office of the Commissioners
  Appointment of employees of the Commission
  Appointment of advisers and consultants
  Delegation of the Commission’s functions or powers
  The Commission to furnish information
 
PART III
THE BOARD
  The Securities and Exchange Policy Board
  Procedure of the Board
  Board may invite others to meetings
  Committees of the Board
 
PART IV
CONFLICT OF INTEREST
  Disclosure of interest by Commissioners and Members
  Notification of interest by others
 
PART V
DISQUALIFICATION, REMOVAL, RESIGNATION AND VACANCIES
  Disqualification of Members and Commissioners
  Removal, resignation and vacancies
 
PART VI
POWERS AND FUNCTIONS
  Powers and functions of the Commission
  Functions and powers of the Board
  Supplementary provisions
 
PART VII
FINANCE
  The Fund
  Expenditure to be charged on the Fund
  Annual report and accounts
  Power to obtain finance, borrow money and receive grants
  Investment
  Bank Accounts
 
PART VIII
ENFORCEMENT AND INVESTIGATION
  Investigation and proceedings by the Commission
  Powers of the investigating officers of the Commission
  Forcible entry
  Power to call for examination
  Appeal to the Appellate Bench of the Commission
  Appeal to the Court
 
PART IX
CONFIDENTIALITY OF INFORMATION
  Obligation of confidentiality
  Permitted disclosure
 
PART X
COGNIZANCE AND PROSECUTION OF OFFENCES
  Cognizance of offences
  Conduct of prosecution
 
PART XI
RULES AND REGULATIONS
  Power to make rules
  Power to make regulations
 
PART XII
GENERAL
  Common seal
  Public servants
  Dissolution of the Authority
  Abolition of Department of Insurance
  Savings
 
THE SCHEDULE