ISLAMABAD: The Pakistan Stock Exchange (PSX) on Tuesday reintroduced its Rulebook under the Securities Act, 2015 and Fut­u­res Market Act, 2016, and has alig­ned it with the relevant sections of the Companies Act, 2017 with the approval of the Securities and Exchange Commission of Pakistan (SECP).

PSX regularly reviews and updates its regulations in tandem with changing regulatory landscape and also endeavours to align its regulations with international best practices to ensure that that they are at par with the developed regional and global stock exchanges.

The Rulebook harmonisation exercise is also done to eliminate redundancies and obsolete provisions apart from adding clarity for ease of understanding of rights and obligations of all concerned.

The aim of the Rulebook is to regulate securities market functions in an enhanced and transparent manner while ensuring the rights and interests of the investing public are duly protected.

The Rulebook is available in legal framework section of PSX website.

Chairman PSX Sulaiman Mehdi said the harmonisation was necessary to maintain consistency of laws across the securities market while ensuring that the redundancies are removed and any overlapping and inconsistencies are addressed.

Published in Dawn, July 22nd, 2020