The Securities and Exchange Commission of Pakistan (SECP) has directed the professionals of capital market that the mandatory certifications should be taken from the Institute of Financial Markets of Pakistan (IFMP).
According to circular number 10 of 2018 issued here on Wednesday by the SECP, this is in continuation to circular # 9 and 47 of 2015 dated April 08, 2015 and December 30, 2015 respectively. The SECP in exercise of its powers conferred under Section 40(B) of the Securities and Exchange Commission of Pakistan Act, 1997, hereby makes the amendments to the above-referred circulars:
Timeline for availing the certifications through grandfathering option which lapsed on June 30, 2016 has been eliminated. Consequently, the desired candidates may avail the certifications under grandfathering option from the Institute of Financial Markets of Pakistan (IFMP) required under these circulars at any time, if they fulfill the criteria.
All other requirements of circular No 9 and 47 of 2015 shall remain the same.
This circular shall come into force with immediate effect, the SECP added.
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