PSX makes multiple amendments to listing rules

Pakistan Stock Exchange (PSX) has made multiple amendments to Chapter 5 (Listing of Companies and Securities Regulations), Chapter 5B (Listing of Debt Securities Regulations) and Chapter 5C (Privately Placed Debt Securities' Listing Regulations) of PSX Rulebook. The PSX made these amendments in exercise of powers conferred under section 7 of the Securities Act, 2015 and with the approval of Securities and Exchange Commission of Pakistan (SECP).

"These amendments are primarily focused to ease the listing requirements for potential issuers of equity and debt securities and to promote capital market as an efficient option for raising long term funding," a notice issued by Abbas Mirza, General Manager and Acting Chief Regulatory Officer, PSX said. The approved amendments are applicable with immediate effect, ie, from January 31, 2020.