ISLAMABAD: In order to establish a framework for sharing information, the Competition Commission of Pakistan (CCP) and the Securities and Exchange Commission of Pakistan (SECP) signed a memorandum of understanding (MoU).
CCP Chairperson Vadiyya Khalil and SECP Chairman Zafar Hijazi signed the MoU on behalf of their institutions at CCP office in Islamabad. SECP Commissioner Tahir Mahmood, SECP Executive Director Musarat Jabeen, and CCP Members Dr Joseph Wilson, Dr Shahzad Ansar, Mueen Batlay and Ikram Ul Haque Qureshi were also present at the signing ceremony.
A formal information sharing arrangement will allow both the agencies to request and receive information in a timely manner, thereby making the process efficient. All information exchanged under the MoU will be kept confidential unless disclosure is required by law. The MoU cements the enhanced working relationship developed between the two agencies.
