Share Registrar and Balloters
Share registrars and balloters are the regulated securities activities under the Securities Act, 2015. The role of Share Registrars and Ballotters is very important, as they are involved in the issuance and transfer of shares, maintenance of share registers, issuance of dividend warrants and bonus shares on behalf of the issuer. Ballotters role is also of important as they have to conduct fair and transparent balloting for the investors in Initial Public Offering (“IPO”). SECP promulgated the Share Registrars and Balloters Regulations, 2017 (SRB Regulations) on January 11, 2017. All the share registrars and balloters are required to be licensed with SECP for providing business as Share registrar and Balloter.
SRB Regulations prescribes the eligibility conditions, licensing procedure and duties and responsibilities of Share Registrars and Ballotters.
Grant and Renewal of License
The detailed procedure for grant and renewal of license as a Share Registrar and Ballotter is provided in the checklist.