Securities and Exchange Commission of Pakistan issued SRO ref: 548 (I)/2019 dated May 10, 2019.




SECP vide S.R.O. 548 (I)/2019 dated May 10, 2019 delegates the following powers and functions of the Commission to its Executive Director of the Specialized Companies Division: –


 S.# Relevant CCG Regulation Nature of power/ functions Delegation to
1. 20(2) Grant of exemption from Directors’ Training to directors of NBFCs or Modarabas in view of relevancy of their qualification & experience. Executive Director (SCD)
2. 23(c) To determine the suitability of a candidate for appointment as Chief Financial Officer of a NBFC or Modaraba. Executive Director (SCD)


Any pending proceedings under the said superseded or modified notifications of delegation of power shall stand transferred to the delegated authority.


Link of Document

 Notification Code of COrporate Governance