ISLAMABAD: The Sec­u­rities and Exchange Commission of Pakistan (SECP) has issued a concept paper for the issuance of subordinated debt by insurance companies and its treatment for solvency purposes.

The draft of proposed amendments to the Insu­rance Rules 2017 has been placed on the SECP website for public comments.

The target of the concept paper is to examine how the issuance of subordinated debt can streng­then financial stability and enhance the risk management capabilities of insurance companies.

Published in Dawn, November 9th, 2023