SECP issues amendments to the Securities and Futures Advisers (Licensing and Operations) Regulations 2017: SECP vide SRO 75(I)/2020 (dated February 3, 2020) issued amendments in the Securities and Futures Advisers (Licensing and Operations) Regulations 2017. The amendments relate to:

  • Conditions for grant of license and prohibitions (regulation 3);
  • Application and procedure for grant and renewal of license (regulation 5 & regulation 8); and
  • Restriction on keeping custody of customers’ assets (regulation 17).

The amendments can be accessed on following link: https://www.secp.gov.pk/document/sro-75-i- 2020-amendments-to-the-securities-and-futures- advisers-licensing-and-operations-regulations- 2017/?wpdmdl=38280

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