The Securities and Exchange Commission of Pakistan (SECP) reported that its Appellate Bench disposed of 124 appeals during financial year 2024–2025, largely affirming decisions issued by SECP adjudicating authorities. Of the appeals decided, 113 orders were upheld and 11 were set aside. By subject matter, the decided appeals covered the Insurance Ordinance, 2000 (22 cases), the Securities Act, 2015 (15), the Companies Ordinance, 1984 and the Companies Act, 2017 (34), the Non-Banking Finance Companies Regulations, 2008 (five), and the SECP’s Anti-Money Laundering and Countering Financing of Terrorism Regulations, 2018 and 2020 (48). The SECP noted that Appellate Bench decisions are publicly accessible on its website; the Bench also registered 73 new appeals during the same period and has been holding sittings at regional offices in major cities on request to facilitate appellants outside Islamabad.
Securites & Exchange Commission of Pakistan 2025-07-04
Securities and Exchange Commission of Pakistan Appellate Bench disposes 124 appeals in FY 2024–25 and upholds 113 SECP orders
The Securities and Exchange Commission of Pakistan's Appellate Bench resolved 124 appeals in the 2024–2025 financial year, upholding 113 decisions and overturning 11. The appeals addressed regulations like the Insurance Ordinance, Securities Act, Companies Ordinance, Non-Banking Finance Companies Regulations, and Anti-Money Laundering and Countering Financing of Terrorism Regulations. Additionally, 73 new appeals were registered, with sessions held in regional offices to accommodate appellants outside Islamabad.