Introduction
Securities and Exchange Commission of Pakistan (SECP) has issued S.R.O.1404 (I)/2018 – Dated November 15, 2018.
Commentary
The aforementioned SRO is self explanatory as issued by SECP, Regulations 4 of the Credit rating companies regulations 2016 to specify the Islamic International Rating Agency, Bahrain, as internationally recognized foreign credit rating institution for the purpose of entering into joint venture or technical collaboration arrangement with a credit rating company in Pakistan.
Link of the Document
