News Desk
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has consolidated its regulatory and statutory requirements in one Circular, in a bid to improve compliance and efficiency in the Modaraba sector.
SECP has taken the step as part of its efforts to create an enabling environment for the Islamic finance sector in Pakistan, it said in a press release issued on Monday.
Circular contains all prior orders
The consolidated circular titled as SRO 2310 contains all prior circulars, directives and notifications issued by the organization since 1999 for the Modaraba sector. After deletion of the repetitions from the texts, a new and up-do-date regulatory and statutory requirements have been compiled in a systematic way.
The updated circular is available at the website of SECP: https://www.secp.gov.pk/laws/circulars/
