The Policy Board of Security and Exchange Commission of Pakistan (SECP) has directed the Commission to develop and enhance its capacity both in terms of human resource and technology, in particular to check market manipulation and abuse.
According to SECP, the meeting of the Policy Board was held here on Friday, which considered various policy matters and issues brought to its consideration by the Commission.
The Policy Board was apprised of the capital market reforms that SECP had undertaken. It agreed to SECP's view that sophisticated white-collar crimes could only be detected and investigated by professionally and technically qualified staff assisted by latest technology.
The major issue presented for information and approval of the Policy Board was SECP's human resource strategy. In this regard, the Board, in principle approved SECP's strategy to develop and retain its human resource.
The members who participated in the meeting included Dr Tariq Hassan, Chairman SECP (chair), Naveed Ahsan, Finance Secretary (ex-officio Member), Dr Shahida Jaffrey, Vice Chancellor Sardar Bahadur Khan Women University (Member), and Dr Mohammad Zubair Khan, Managing Director Financial Techniques International (Member), Yasin Tahir, Senior Joint Secretary Ministry of Commerce represented the Commerce Secretary who is also an ex-officio member of the Board.
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