SECP notifies draft Advisers and Consultants to issue of Securities rules for public opinion

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ISLAMABAD, Apr 27 (APP): With the approval of the
federal government, the Securities and Exchange Commission of Pakistan (SECP) has notified the draft Advisers and Consultants to the issue of Securities Rules, 2016.

According to SECP statement, it has also been placed the same on its website for public opinion within 30 days.

The rules shall be applicable to a person who provides
services as an advisor and consultant to any public offer of
securities like initial public offering, secondary or subsequent
public offering, divestment of shares to the public by the
substantial shareholders and right offers.