The Securities and Exchange Commission of Pakistan has issued a consultation paper proposing the launch of a Registration and Trading Platform (RTP) for public unlisted companies at Pakistan Stock Exchange Limited. The proposal would require eligible unlisted public limited companies to register on the RTP, with registered companies expected to publicly disseminate financial results and allow trading in their shares by existing shareholders and sophisticated investors. A phased approach is proposed, starting with mandatory registration for companies with paid-up capital of PKR 200 million or more, followed by companies with paid-up capital between PKR 25 million and PKR 200 million. Trading on the RTP would be open to categories such as high net-worth individuals, financial institutions and corporates, and the paper emphasizes that RTP registration would not be a formal PSX listing and would not allow companies to raise funds from the stock market without going through SECP and PSX approvals. Stakeholders have been asked to submit feedback by February 06, 2025.
Securites & Exchange Commission of Pakistan 2025-01-22
Securities and Exchange Commission of Pakistan consults on mandatory Registration and Trading Platform at Pakistan Stock Exchange for unlisted public companies
The Securities and Exchange Commission of Pakistan proposes a Registration and Trading Platform (RTP) for public unlisted companies at Pakistan Stock Exchange Limited. Initially, companies with paid-up capital of PKR 200 million or more must register, later extending to those with capital between PKR 25 million and PKR 200 million. Trading is limited to existing shareholders and sophisticated investors, with RTP registration not equating to a formal PSX listing or enabling direct fundraising from the stock market.