Pre-legislative scrutiny is a process whereby draft legislation is offered to be considered by a committee, group or any individual before a draft law is formally placed before the law making authority. The process acts as an additional stage of scrutiny/examination and provides an opportunity for more detailed and considered analysis of a draft law and its contents. Pre-legislative scrutiny provides an opportunity for more considered debate and analysis of draft legislation. It provides a legitimate space for the articulation of stakeholder views and perspectives and enables citizens to influence legislation at a formative stage. In the long run, pre-legislative scrutiny can help improve the quality of legislation.

SECP also follows the process of pre-legislative scrutiny as required under the assigned statutes for the draft laws, rules or regulations as well as any amendment in the existing law, rules or regulations by publishing them in the official Gazette, newspapers and also placing the same on its website enabling stakeholders and public to send their comments at an early stage in the legislative process in order to take on broad different views and perspective. Effective operationalization of this provision of the assigned laws is an institutional mechanism through which the legislative process can be made more transparent and participatory. Internationally, in many countries, pre-legislative scrutiny is an established process through which citizens are encouraged to give their comments and feedback on proposed legislation.

Draft Laws

Date Added Title Download
31/05/2017 Draft Modaraba Bill, 2017

Draft Rules and Regulations

Date Added Title Download
22/04/2015 Draft Modaraba Regulations, 2015
16/11/2015 Draft Public Offering and Disclosures Regulations, 2015
05/01/2016 Draft Listed Companies (Buy Back of Shares) Regulations 2016
26/02/2016 Draft amendments in the Modaraba Companies and Modaraba Rules, 1981
24/03/2016 Draft Bond Pricing Agency Rules, 2016
31/03/2016 Draft Private Placement of Securities Rules, 2016
12/04/2016 Draft Public Offering of Securities Rules, 2016
12/04/2016 Draft Public Offering of Securities Rules, 2016
13/04/2016 Draft Centralized (Know Your Customer) Organization Rules, 2016
20/04/2016 Draft Valuers Registration and Governance Regulations, 2016
21/04/2016 Draft Advisers and Consultants to the Issue of Securities Rules, 2016
26/04/2016 Draft Amendment in the Non-Banking Finance Companies and Notified Entities Regulations, 2008
11/05/2016 Draft Securities Exchange (Licensing and Operations) Regulations, 2016
11/05/2016 Draft Employees Provident Fund Investment in Listed Securities Rules 2016
25/05/2016 Revision of Audit Report Format as prescribed in form 35(A) and Form 35(C) of the Companies (General Provisions and Forms) Rules, 1985
01/06/2016 Draft Centralized Customer Fund Regulations 2016
01/06/2016 Draft Customer Compensastion Fund Rules 2016
02/06/2016 Draft Credit Suretyship Rules 2016
08/06/2016 Draft amendments in the Non-Banking Finance Companies and Notified Entities Regulations , 2008
21/06/2016 Sound and Prudent Regulations, 2012
30/06/2016 Draft Shares Registrar & Balloters Regulations, 2016
09/08/2016 Draft Amendments to the Central Depositories (Licensing and Operations) Regulations, 2016
09/08/2016 Draft Amendments to the Central Depositors (Licensing and Operations) Regulations, 2016
22/08/2016 Draft Amendments to Voluntary Pension System Rules, 2005
23/08/2016 Draft amendments to the Public Sectors Companies (Corporate Governance) Rules, 2013
06/09/2016 Second draft of valuers Registration and Governance Regulations
06/09/2016 SRO 844(I)/2016 (Draft amendments in the Small Dispute Resolution Committees (Constitution and Procedure) Rules, 2015
07/09/2016 Draft Underwriters Regulations, 2016
18/10/2016 Amendments to the Reporting and Disclosure (of Shareholding by Directors, Executive Directors and Substantial Shareholders in Listed Companies)
01/11/2016 Stakeholders comments on 2nd draft of Valuers Registration & Governance, Regulations, 2016
03/11/2016 Draft Amendments in NBFC and Notified Entities Regulations 2008
08/11/2016 SRO 1040(I)/2016 (Draft amendments in NBFC Regulations)
09/11/2016 Debt Securities Trustees Regulations, 2016
10/11/2016 Draft Securities and Futures Advisers (Licensing and Operations) Regulations, 2016
10/11/2016 Draft Securities and Futures Advisers Regulations 2016
02/12/2016 Listed companies (substantial acquisition of voting shares and takeovers) Regulations, 2016
20/02/2017 SRO 102 (I)/2017 (Amendments in Securities Brokers Regulations, 2016)
11/04/2017 Draft Sukuk (Amendments) Regulations, 2017
10/05/2017 SRO 314 (I)/2017 Draft Amendments to the Research Analyst Regulations, 2015
22/05/2017 SRO 354 (I)/2017 Amendments in NBFC & Notified Entities Regulations, 2008
06/06/2017 SRO 422 (I)/2017 Draft Limited Liability Partnership Regulations, 2017
06/06/2017 SRO 423 (I)/2017 Draft Companies (Incorporation) Regulations, 2017
06/06/2017 SRO 424 (I)/2017 Draft Intermediaries (Registration) Regulations, 2017
15/06/2017 SRO 471 (I)/2017 Draft Auditors (Reporting Obligations) Regulations, 2017
16/06/2017 SRO 473 (I)/2017 Draft Unclaimed Shares, Modaraba Certificates, dividend and other instruments Regulations, 2017
16/06/2017 SRO 474 (I)/2017 Draft Investor Education and Awareness Fund Rules, 2017
14/07/2017 Comments on Draft Regulations for website