Legal Framework

  • Action Pursuant to Court orders w.r.t Defaulting Companies Preview
  • Defaulting Companies Portal View
  • Suspended CompaniesPreview

SECP

  • ACT
    • Companies Act 2017Preview
    • Futures Market Act 2016Preview
    • Securities Act 2015Preview
    • Stock Exchanges Corporatization, Demutualization and Integration Act 2012Preview
  • ORDERS
    • Integration Order issued by the Securities and Exchange Commission of PakistanPreview
  • REGULATIONS
    • Access to Inside Information Regulation 2016Preview
    • Companies (Further Issue of Shares) Regulations, 2018Preview
    • Shariah Governance Regulations, 2018Preview
    • Centralized Customers Protection Compensation Fund Regulations, 2017Preview
    • Futures Exchanges (Licensing and Operations) Regulations, 2017Preview
    • Joint Inspection Regulations, 2015Preview
    • Listed Companies (Code of Corporate Governance) Regulations, 2017Preview
    • Public Offering Regulations, 2017Preview
    • Research Analyst Regulations, 2015Preview
    • Securities and Exchange Commission of Pakistan (Anti Money Laundering and Countering Financing of Terrorism) Regulations, 2018Preview
    • Securities and Futures Advisers Regulations, 2017Preview
    • Securities Broker (Licensing and Operations) Regulations, 2016Preview
    • Amendments in Relation to Single Member Companies (SMC)Preview
    • Stock Exchanges Corporatization Demutualization & Integration Regulation 2012, approved by SECPPreview
  • RULES
    • Customer Compensation Fund (Establishment and Operation) Rules, 2017Preview
    • Securities (Leverage Markets and Pledging) Rules, 2011 approved by the Federal GovernmentDownload

“Please follow the below link for update on all laws, rules, regulations, notifications, directives, circulars and guidelines issued by the Securities and Exchange Commission of Pakistan from time to time: https://www.secp.gov.pk/laws

PSX

  • Memorandum & Articles of Association of PSXPreview

PSX Notices,Eligibility Criteria,Guidelines & Procedures

  • PSX RULE BOOK
    • English Version (Gazette Notified on March 08, 2019)Preview
    • Deposit, Fee, Contribution and Other Sums SchedulePreview

  • Eligibility Criteria
    • Criteria & Procedure for Appointment of Industry Experts and Nominees of TRE Certificate Holders on ‘Permanent Arbitration Panel’ of PSXPreview
    • Criteria for Selection of auditors for System Audit of Brokers – July 25, 2012Preview
    • Revised Uniform Criteria for Selection of Securities eligible for trading in DFC and CSF Markets – March 27, 2012Preview

  • Clarification & Guidelines
    • Clarification relating to ‘Accounting and Audit Requirements’ under the Securities Act, 2015 and Securities Brokers Preview
    • Clarification / Guideline for preparation of Net Capital Balance (NCB) Certificate dated – July 03, 2013 Preview
    • Clarification / Guideline for preparation of NCB Certificate dated December 20, 2013 Preview
    • Clarification / Guideline for preparation of NCB Certificate dated June 25, 2015 Preview
    • Regulatory Compliance Requirements and Schedule of Reporting for all TRE Certificate Holders Preview
      • Guidelines on SECP (AML and CFT) Regulations, 2018 Preview
        • Annexure 1 – Risk Based Approach Download
        • Annexure 2 – Compliance Assessment Checklist Download

  • Procedures
    • Format of Bank Guarantee to be Submitted by Brokers with KSE as MarginPreview
    • Procedures for rectification of erroneous tradesDownload
    • Procedure of Acquiring BATS TerminalDownload
    • Procedure of Acquiring KATS TerminalDownload
    • Procedure of Acquiring FIX GatewayDownload
      • Off Market Transactions Verification Procedures
        • NDM Verification ProcessPreview
        • NDM Verification Process ClarificationPreview

  • Manual for the submission of Quarterly Return through online Financial Reporting System (FRS):

  • Procedures for online submission of Liquid Capital and Net Capital Balance:
    • Notice - Online Submission of Liquid Capital and Net Capital BalancePreview
    • Format of Liquid Capital Balance (New)Preview
    • Format of Net Capital BalancePreview

  • Other Notices
    • All investors and TREC holders of the Exchange (CMS) – March 20, 2015Preview
    • Amendments in KSE Regulations Relating to Criteria for Selection of Audit Firms for Net Capital Balance, Balance Audit and System Audit of the Brokerage House – July 28, 2015Preview
    • Base Minimum Capital (BMC) requirement – May 03, 2013Preview
    • Brokers Operating through Other Brokerage HousesPreview
    • Brokers Operating through Other Brokerage House – March 07, 2012Preview
    • Circuit Breakers under ODD LOT Market at KSE – July 20, 2012Preview
    • Code of Corporate Governance- Directors’ Training Program – March 25, 2015Preview
    • Confirmation of Clients’ Orders by TRE Certificate Holders / Brokers and Mandatory Tariff StructurePreview
    • Format of Confirmation NotePreview
    • Format of Pattern of ShareholdingPreview
    • Mandatory Requirement for Fortnightly Submission of Client Assets Segregation Statement to The KSE – August 07, 2015Preview
    • Mandatory Requirement for Sharing of Quarterly Account Statements with Clients – July 29, 2015Preview
    • Mandatory Certification Requirement for Sales Agents of AMCs or PFMs – October 30, 2009Preview
    • NDM (Further Clarifications) – April 11, 2014Preview
      • NDM Transactions
        • PSX NoticePreview
        • SECP NoticePreview
        • Notice for all members on Cash Management System (CMS) – June 13, 2012Preview
        • Mandatory Requirement for Fortnightly Submission of Client Assets Segregation Statement to The KSE – August 07, 2015
        • PSX Notice N-82 dated January 06, 2016 regarding format of certificate on Clients’ Asset Segregation StatementPreview
        • Notice for status of compliance on ICM certifications and exemptions –June 12, 2013Preview
        • Prior approval of the Exchange for change of Directors of Corporate Brokerage House – April 29, 2010Preview
        • Process of replacement of Fake Shares – October 03, 2012Preview
        • PSX NOTICE (PSX-N-6119) – Oct 18, 2018Preview
        • PSX Notice for submission of Notes with the NCB Certificate dated March 22, 2016Preview
        • Re-introduction of a separate ODD LOT Market at KSE and allowing members to trade in ready market in Marketable LOTS – June 20, 2012Preview
        • Reporting of Negotiated Deals in more than multiple of marketable lot under NDM – November 22, 2012Preview
        • Securities Broker (Licensing and Operations) Regulations, 2016Preview
        • Trading in Listed TFCs during Book Closure Period – November 02, 2009Preview

  • Circulars
    • Mandatory Certification for the professionals of Capital Market – April 08, 2015Preview
    • Specimen of Risk Disclosure Document formulated under the Securities Brokers (Licensing and Operations) Regulations, 2016Preview
    • Submission of ‘Customer Grievances Details’ as required under the Securities Brokers (Licensing and Operations) Regulations, 2016Preview
    • Submission of information relating to ‘Trading by Directors and Substantial Shareholders of Securities Brokers’ as required under Securities Brokers (Licensing and Operations) Regulations, 2016Preview