SECP explains its regulatory role in the real estate sector

ISLAMABAD, August 4: A section of the press has carried a statement of the Association of Builders and Developers (ABAD) about the SECP’s role proposed in the draft Companies Bill for regulating the real estate sector. The statement is completely misplaced. The SECP does not in any manner intends to regulate the business of real estate per se, but its focus is to ensure that the companies registered with the SECP having real estate as their principal line of business, operate under certain rules and regulations in order that they gain confidence of the public.