ISLAMABAD: The Secu­ri­ties and Exchange Comm­is­sion of Pakistan has proposed amendments to Secu­rities and Futures Advi­s­ers (Licencing & Ope­ra­ti­o­ns) Regulations 2017 to bro­aden investor base and enhance outreach of capital market.

It has proposed to allow individuals to act as securities and futures advisers and to act as distributor of units of mutual funds of mul­tiple AMCs.

For reducing regulatory burden on companies, the requirement of experience of CEO/or head of its advisory services has been cut to three years from five years.

Published in Dawn, August 5th, 2020