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Any pending proceedings under the said superseded or modified notifications of delegation of power shall stand transferred to the delegated authority.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