chairman of secp

7/24/2019 Chairman of SECP

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Securities andExchange Commission

of Pakistan(SECP)


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The Team

1.Chairman

Mr.Zafar Hijazi(19 Dec 2014)

Chartered Accountant (CA)by rofe!!ion

"re#iou!$y !er#in% a! a

co&&i!!ioner in 'C"


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Cont.

2.The Policy Board

'ecretary *inance Di#i!ion+ 'ecretary ,a- and u!tice Di#i!ion+

'ecretary Co&&erce Di#i!ion+

Chair&an of the Co&&i!!ion+ and

a Deuty /o#ernor of the 'tate anof "ai!tan ('").


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Cont.

3.The Commission

he Co&&i!!ion i! a co$$e%iate body -ithco$$ecti#e re!on!ibi$ity.

3erationa$ and eecuti#e authority of theCo&&i!!ion i! #e!ted in the Chair&an -ho i! theCo&&i!!ion5! Chief ecuti#e 36cer (C3).

He i! a!!i!ted by the Co&&i!!ioner! articu$ar$yto o#er!ee the -orin% of #ariou! oerationa$

unit! a! &ay be deter&ined by hi&.


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3r%anizationa$ 'tructure


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*unction!

These are the some following functions7

re%u$atin% the i!!ue of !ecuritie!.

re%u$atin% the bu!ine!! in 'toc chan%e! andany other !ecuritie! &aret!

roo!in% re%u$ation! for the re%i!tration andre%u$atin% the -orin% of co$$ecti#e in#e!t&ent!che&e! inc$udin% unit trust schemes+

rohibitin% fraudu$ent and unfair tradepractices re$atin% to !ecuritie! &aret!


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Cont.

ro&otin% in#e!tor!8 education and trainin% ofintermediariesof !ecuritie! &aret!.

encoura%in% the or%anized de#e$o&ent of thecapital market and the corporate sector in"ai!tan

conductin% inuirie! and audit! of the Stock!changesand inter&ediarie! and self"

regulatory organi#ationsin the !ecuritie!&aret.


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Cont.

re%u$atin% su$stantial ac%uisition of !hare! andthe &er%er and tae:o#er of co&anie!

re%u$atin% professional organi#ationsconnected -ith the insurance $usiness.

aro#e a$$ ub$ic co&anie! incororated in"ai!tan -hich intend to i!!ue or o;er for !a$e!ecuritie! in &aret! out!ide "ai!tan or to $i!t

!uch !ecuritie! on a 'toc chan%e out!ide"ai!tan.


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'C" Di#i!ion

he 'C" i! di#ided into the fo$$o-in% four di&isions7


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,a- Di#i!ion

'$(ecti&e)

/ro-th of enterri!e rotection of in#e!tor! andcreditor! ro&otion of in#e!t&ent and

de#e$o&ent of econo&y

,a- di#i!ion di#ided into three deart&ent!7


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1.


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2.nforce&ent Deart&ent

nforce&ent Deart&ent i!re!on!ib$e for en!urin% the

$i!ted cororate !ector8!(ec$udin% >*C! Moradabadand in!urance co&anie!).


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?.Mana%e&ent ea&

Mr. Abdu$


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'ecuritie! Maret Di#i!ion

'$(ecti&e)

"rotection of in#e!tor! re%u$ation of &aret!

dea$in%! in !ecuritie!

=t ha! t-o deart&ent7


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i."o$icy


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Cont.

Capital 0ssues -ing) C0-/.

he Caita$ =!!ue! Bin% (C=B) dea$! -ith the ca!e! re%ardin% aro#a$ ofro!ectu!e! for ub$ic i!!ueo;er of !ecuritie!.

C=B a$!o roce!!e! ca!e! re%ardin% i!!ue of !ecuritie! out!ide "ai!tanunder 'ection 2:A of the Co&anie! 3rdinance 19E4.


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ii.Maret 'uer#i!ion and


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Cont.

Brokers egistration and 0n&estorComplaints -ing)

he Bin% i! entru!ted -ith re%i!tration of broer!and a%ent! and hand$in% in#e!tor co&$aint!.

o en!ure in#e!tor rotection it -or! in c$o!e

coordination -ith !toc echan%e!.


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?.'ecia$ized Co&anie! Di#i!ion

'$(ecti&e)

o ro#ide a re%u$atory en#iron&ent

for the de#e$o&ent and ro&otionof a >on:an *inancia$ (>*) !ector.

"rotect the intere!t! of !hareho$der!deo!itor! and o$icyho$der! underthe re$e#ant $a-!.

.


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Cont.

*or oerationa$ ea!e and enhanced e6ciency the

'CD ha! been di#ided into t-o MainDepartments:

"o$icy


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i."o$icy


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ii.'uer#i!ion andnforce&ent Deart&ent7

'uer#i!ion andnforce&entDeart&ent i!

ri&ari$y re!on!ib$efor centra$izedfunction! of 3n: !ite=n!ection 3;:!ite'ur#ei$$ance


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4. =n!urance Di#i!ion.

he &ain objecti#e! inc$ude!7


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estructuring of SCP insurance di&ision

=n!uranceDi#i!ion

"o$icy


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'C": Caita$ Maret

De#e$o&ent "$an(CMD")

he roo!ed $an -ou$d focu! onfve areas7

1. 0n&estor ducation and !panding Capital 4arket to 4asses

2. ncouraging new 5istings

3. 0ntroduction of new Products

6. 0mpro&ing coordination with &arious egulators and 7o&ernmentBodies

8. e&amping 5egal 9ramework


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1.0n&estor ducation and!panding Capital 4arket to

4asses)

'C" coordination -ith !toc echan%e!and other !taeho$der! to or%anize

road !ho-!.

=n#e!tor A-arene!! /enerationCo&&ittee to create Caita$ MaretHub! in !&a$$ citie!.


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2.ncoura%in% >e- ,i!tin%

"roce!!e! of boo bui$din% and initia$ub$ic o;erin% -ou$d be !trea&$ined to

&ae the& &ore e6cient and $e!!cu&ber!o&e.

'earate board! for faci$itatin% 'M.

'afe%uard in#e!tor! fro& in#e!tin% in

defau$tin% co&anie!.


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?.=ntroduction of >e-

"roduct!


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6.0mpro&ing coordination with&arious egulators and

7o&ernment Bodies)

=&ro#in% coordination-ith re$e#ant

&ini!trie! non:%o#ern&enta$ andforei%n in!titution! toi&ro#e "ai!tan5!i&a%eranin% in the

%$oba$ inde ro#ider!$ie the M'C= *'etc.


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G.


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Di;erence

0nternational4onetary

9und 049/

-orldBank

:S


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=M*:=nternationa$ Monitory

*und

Abbre#iation =M*

*or&ation 2 Dece&ber 194G

Me&ber!hi 1EE countrie!

Headuarter Ba!hin%ton DC.

i%%e!t orro-er! /ree "ortu%a$ =re$and


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Cont.

oles 'f 0497

rac! %$oba$ econo&ic trend! and erfor&ance

A$ert! it! &e&ber countrie!

"ro#ide! a foru& for o$icy dia$o%ue

"ro#ide! o$icy ad#ice and Jnancin% to &e&ber!

'$(ecti&es7

o ro#ide the %$oba$ ub$ic %ood of Jnancia$ !tabi$ity

*aci$itate the %ro-th of internationa$ trade thu! ro&otin% job creationecono&ic %ro-th and o#erty reduction

"ro&ote echan%e rate !tabi$ity and an oen !y!te& of internationa$ay&ent!

,end countrie! forei%n echan%e -hen needed on a te&orary ba!i!

and under adeuate !afe%uard! to he$ the& addre!! ba$ance ofay&ent! rob$e&!


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Abbre#iation B

*or&ation u$y 1944

Me&ber!hi 1EE countrie! (=


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Cont.

ole of -orld Bank)

/rantin% recon!truction K de#e$o&ent $oan!

"ro#idin% $oan! to %o#ern&ent! K ri#ate concern!

"ro&otin% forei%n in#e!t&ent

"ro#idin% technica$ econo&ic and &onetary ad#ice

ncoura%in% indu!tria$ de#e$o&ent

'B;CT0:S '9 -B)


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Di;erence et-een =M* K

Bor$d an

-orld Bank

Seeks to promote the economic de&elopment of the

world


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Cooeration bet-een =M* K

B

A$thou%h the an and =M* are di!tinctentitie! they -or to%ether in c$o!ecooeration7

hi! cooeration ha! beco&e &orero&inent !ince the 190!.

he an and the =M* ha#e di!tinct&andate! that a$$o- the& to contributeeach in it! o-n -ay to the !tabi$ity of the

internationa$ &onetary and Jnancia$ !y!te&and to the fo!terin% of ba$anced econo&ic%ro-th throu%hout the entire &e&ber!hi.


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Cont.

he bedroc of cooerationbet-een the an and =M* i! the

re%u$ar and freuent interaction ofecono&i!t! and $oan o6cer! -ho-or on the !a&e country.

both in!titution! encoura%e other$ender! both ri#ate and o6cia$to join -ith the& in co Jnancin%roject! and in &obi$izin% credit!to countrie! that are in need.

chairman of secp

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