ISLAMABAD: With the aim to strengthen the capital market and safeguard the interest of investors, the Securities and Exchange Commission of Pakistan (SECP) has notified the Licensed Persons (Obligations under voluntary winding up) Regulation 2016.
The regulations prescribe the minimum requirements to be complied with by a licensed person prior to filing voluntary winding up petition. The requirements inter alia include settlement of investors’ claims and obtaining approval of the Commission. The new regulations are available on the SECP’s website.
