The Securities and Exchange Commission of Pakistan (SECP) has empowered Chairman SECP Zafar Abdullah to oversee work of Chairman's Secretariat, Specialized Companies Division, Corporate Supervision Division and Audit Oversight Board (AOB). According to SRO 701(I)/2017 issued by the SECP here on Wednesday, the Chairman SECP has decided that the Commissioners shall, in addition to any other work assigned to them from time to time, be responsible to oversee the work of laid down Division/Departments of the SECP.
Zafar Abdullah portfolio would cover Chairman's Secretariat, Commissioners' Secretariat, Specialized Companies Division, Corporate Supervision Department of Company Law Division, Audit Oversight Board and Information System and Technology Department. Tahir Mahmood will supervise the work of Corportization & Compliance Department of Company Law Division; Prosecution and Legal Affairs Division; Appellate Bench and Support Services Division.
Akif Saeed has been assigned to supervise work of Securities Market Division; Investor Education and International Relations Department; Islamic Finance Department and Systemic Risk Department. The Internal Audit and Compliance Department, as per its Manual, shall functionally report to the Audit Committee and shall administratively look after by the Chairman, SECP added.
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