ISLAMABAD: The Finance Ministry has received the annual report on statement of accounts of the Securities and Exchange Commission of Pakistan SECP) for fiscal year 2012-13.
“The annual report on SECP statement of accounts is certified by the auditors” a Finance Ministry official told Customs Today while seeking anonymity here.
The official informed that Finance Minister Ishaq Dar would present the report the National Assembly as per require under sub-section (6) of section 25 of the Securities and Exchange Commission of Pakistan Act, 1997.
It is to be noted that the SECP was set up in pursuance of the Securities and Exchange Commission of Pakistan Act, 1997. This Act institutionalized certain policy decisions relating to the Constitution and structure, powers, and functions of the commission, thereby giving it administrative authority and financial independence to carry out its regulatory and statutory responsibilities. The SECP became operational in January 1999.
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