ISLAMABAD: In a bid to track allegations of insider trading, the Securities and Exchange Commission of Pakistan (SECP) has published draft “Access to Inside Information Regulations 2016”.

The regulator has placed the regulations on its website to seek public opinion and the stakeholders can file their comments within 14 days from Thursday.

These regulations have been formulated under the Section 131 of the Securities Act 2015 which requires listed companies to maintain record of persons who have access to inside information. “The listed companies will be required to maintain a register of details including the names and dates of persons who have access to sensitive information that could lead to fluctuation in the share price of that company,” an SECP official said.

These information are primarily related to mergers, takeovers, restructuring,investments, etc. “These regulations will be helpful in tracking process during any inquiry related to insider trading,” the official added.

Published in Dawn, February 5th, 2016