Tuesday April 15 2025
News Source: Global Exchanges
Focus: Listing Rules
Type: General
Country: Pakistan
On 10th April 2025, the Securities and Exchange Commission of Pakistan (SECP) issued draft amendments to the Public Offering Regulations, 2017 and Public Offering (Regulated Securities Activities Licensing) Regulations, 2017, for initiating a final round of public consultation. The regulations provide key framework governing public offer of shares, debt securities and units of Real estate investment trust (REIT) Schemes.
The draft amendments are aimed at addressing demand and supply side Initial Public Offering (IPO) issues, by streamlining the IPO process, reducing IPO processing time to 14 working days, removing duplication in listing and prospectus application, facilitating issuers in faster and cheaper access to capital, introducing more efficient price discovery mechanism, simplifying and strengthening disclosure requirements, increasing outreach and making the IPO journey smoother through effective use of technology and market infrastructure.
The proposal also advocates effective use of technology to further streamline the IPO process, including introduction of QR codes for accessing prospectus and financial accounts, complete transition to e-IPO applications starting from July 1st, 2025, acceptance of electronic signatures, and submission of listing and prospectus applications via the online platform Public Offerings Revolutionized through an Integrated and Digitized Experience (PRIDE).
Click on the above link for further information
