Categories Courts National

SECP Notifies Final Amendments in the Public Offering Regime

ISLAMABAD – Securities and Exchange Commission of Pakistan (SECP) has notified the final amendments to the public offering regime. The regime—comprising the Public Offering Regulations, 2017 and the Public Offering (Regulated Securities Activities Licensing) Regulations, 2017—governs the offer of equity securities, debt instruments, and units of REIT schemes to the general public.

It is pertinent to mention that under the SECP framework, the public offering regime refers to the set of laws, rules, and procedures that govern the offering of securities (such as shares, bonds, or other investment instruments) to the general public in Pakistan. It includes eligibility criteria for issuers, disclosure requirements in the prospectus or offering document, approval process by SECP and relevant exchanges, marketing, subscription, and allotment rules for securities and post-offering obligations such as reporting, compliance, and investor protection measures. This regime is primarily outlined in the Public Offering Regulations, 2017 (and amendments), which aim to ensure transparency, investor protection, and orderly capital market operations.

The SECP revealed in a press release on Wednesday saying the revamped regime has become effective from the date of notification, i.e., August 6, 2025. Future IPO transactions shall be executed in accordance with the amended regulations.

The SECP had earlier approved amendments to the public offering regime following wide-ranging stakeholder consultations. The updated regulations aim to optimize the IPO experience for issuers and investors by promoting competition, leveraging technology, improving transparency, and introducing a more robust and inclusive price discovery mechanism in the capital market.

Key changes include permitting banks and DFIs to act as Consultants to the Issue for equity offerings, as well as introducing a more transparent price discovery process by replacing the single book runner model with the concept of “Eligible Participant”, enabling wider investor participation. “Notifications for the final amendments are available on the SECP website”, the SECP concluded.

 

Author

Avatar photo

Kamran Nazir is an advocate High Court, expert in taxation law and consultant for portfolio investment- associated with TLTP News Wire Service since 2020. He can be reached at kamrannazir@lawtoday.com.pk

More From Author

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Punjab local government elections, ECP delimitation schedule 2026, Punjab Union Council delimitation, local body polls Punjab, ECP notification Punjab, Punjab Local Government Act 2025, Delimitation Rules 2026, Sikandar Sultan Raja, administrative boundary freeze Punjab, Article 140-A Constitution Pakistan, Elections Act 2017, union council constituencies list, Punjab LG election delay, Pakistan Election Commission news, grassroots democracy Punjab, Khudayar Mohla

ECP Moves to Restore Democracy’s Engine Room, Announces Punjab Union Council Delimitation Schedule

ISLAMABAD: Local governments are the engine room of democracy, the tier closest to ordinary citizens…

Khudayar Mohla, Competition Commission of Pakistan, CCP, TPL Insurance Limited, Jazz International Holding Limited, TPL Corp Limited, Acquisition, Merger, Share Purchase Agreement, Phase-I Review, Merger Control, Competition Act, Competition Merger Control Regulations 2016, VEON, UAE, Deutsche Investitions und Entwicklungsgesellschaft, DEG, German Investment Company, Non-Life Insurance, Takaful Insurance, Conventional Insurance, Conglomerate Merger, Horizontal Merger, Vertical Merger, Dominant Position, Market Competition, Relevant Market, Digital Insurance, Financial Inclusion, Foreign Direct Investment, FDI, Merger Clearance, Telecommunications, Digital Services, Public Listed Company, Controlling Stake, Mandatory Tender Offer, Insurance Sector Pakistan, Business Growth, Fair Competition, Islamabad, Pakistan Insurance, CCP Authorization, Competition Law Pakistan, Insurance Regulation, SECP, Corporate Acquisition, Investment, Pakistan Economy, Legal News Pakistan, The Law Today Pakistan

CCP Authorizes Jazz International’s Acquisition of TPL Insurance Limited

ISLAMABAD : The Competition Commission of Pakistan (CCP) has authorized the acquisition of M/s. TPL Insurance…

UNODC Pakistan, Pakistan Customs, Anti Narcotics Force, ANF, IREN, 8th Expert-Level Meeting, Inter-Regional Network, Customs Authorities, Port Control Units, PCCP, Passenger and Cargo Control Programme, Illicit Trafficking, Transnational Organized Crime, Intelligence Sharing, Risk-Based Targeting, Border Security, World Customs Organization, WCO, INTERPOL, ICAO, Karachi, Drug Trafficking, Methamphetamine Seizure, Opium, Cocaine, Precursor Chemicals, Red Phosphorus, Psychotropic Substances, Synthetic Drugs, Smuggling, Supply Chain Security, Trade Facilitation, Border Management, Port Control Unit, Seaport, Cargo Inspection, Artificial Intelligence, AI Border Management, Digital Tools, Risk Management, Organized Crime, Drug Enforcement, Narcotics, Regional Cooperation, International Cooperation, Capacity Building, Operational Coordination, Law Enforcement, Criminal Justice, Pakistan Customs Service, UNODC, United Nations, MOU, Memorandum of Understanding, Airport Control, One-Stop Inspection, Interregional Collaboration, High-Risk Shipments, Prohibited Items, Trafficking Trends, Pakistan Law, Legal News Pakistan, Khudayar Mohla

UNODC Pakistan, Customs & ANF Host 8th IREN Meeting on Illicit Trafficking

KARACHI :  The United Nations Office on Drugs and Crime (UNODC) Country Office for Pakistan…