SECP will charge fee of Rs 500,000 from July 1

The Securities and Exchange Commission of Pakistan (SECP) from July 1, 2016, will charge a fee of Rs 500,000 for processing of application for relaxation from the requirements of Code of Corporate Governance and listed company supervisory fee would be 10 percent of the total listing fee of stock exchange. In this regard, the SECP has issued SRO 398(I)/2016 here on Thursday.
Through this SRO, the SECP has specified that the fee prescribed under the SRO 313(I)/2016, dated 6th April, 2016 shall be applicable with effect from 1st July, 2016. Now, the applicability date of the SRO 313(I)/2016 has been notified by the commission. Following is the text of the SRO 398(I)/2016 issued here on Thursday:- In exercise of powers conferred by clause (g) of sub-section (1) of section 21 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997), read with sub-section (4) of section 20 thereof, the Securities and Exchange Commission of Pakistan, in partial modification of its SRO 313(I)/2016, dated 6th April, 2016 is pleased to specify that fee prescribed under the said SRO shall be applicable with effect from 1st July, 2016.