ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) will host third two-day long session of South Asian Securities Regulators Forum (SASRF) on October 28.
The decision in this regard was taken at recent meeting of the Forum members in Colombo, Sri Lanka that took place on the sidelines of 2015 South Asian Investment Conference arranged by South Asian Federation of Exchanges (SAFE). The SECP currently chairs the SASRF, said a press release issued here.
The officials in Colombo set the futuristic agenda for SASRF meeting in October and committed to work together to address the regional capital markets regulatory issues. Capital markets regulators from Pakistan, India, Bangladesh, Sri Lanka, Nepal and Maldives participated in the meeting.
SECP Director Khalida Habib while convening the meeting highlighted the need for a joint regulatory mechanism within the South Asian region to promote investments in the region and to create regulatory consistency.
The SASRF was established by SAARC capital markets regulators in 2005 to promote cooperation and accelerate regulatory harmonization of the SAARC capital markets with a view to accelerate the pace of economic and financial cooperation among the member states.
The SAARC capital markets regulators recognize that globalization of world financial system necessitate the capital markets in South Asia to work together to incrementally harmonize standards, in collaboration with the industry participants.
