The Securities and Exchange Commission of Pakistan has published four draft guidelines for public consultation covering capital issues, Employee Stock Option Schemes (ESOS), stock splits and the submission of applications for registration and renewal as an intermediary. The package is positioned as procedural guidance to supplement existing regulatory frameworks without overriding legal obligations. Three of the drafts target unlisted companies, setting out key steps and the relevant legal framework for issuing capital, offering employee stock options and implementing stock splits, with the stated objective of supporting corporate governance and transparency. A fourth draft aims to bring structure and clarity to how intermediaries apply for registration or renewal. Stakeholders can submit feedback until March 10, 2025, after which SECP plans to incorporate comments and finalize the guidelines. Webinars for key stakeholders are planned for the first week of March to support understanding and implementation.
Securites & Exchange Commission of Pakistan 2025-02-21
Securities and Exchange Commission of Pakistan invites feedback on draft guidelines for capital issues, ESOS, stock splits and intermediary registration
The Securities and Exchange Commission of Pakistan has released four draft guidelines for public consultation on capital issues, Employee Stock Option Schemes, stock splits, and intermediary registration processes. These drafts aim to enhance corporate governance and transparency for unlisted companies and clarify intermediary application procedures. The guidelines supplement existing regulations without altering legal obligations.