The Securities and Exchange Commission of Pakistan (SECP) has launched web consultation forum aims to achieve border consultation of public at large and stakeholders over the SECP's proposed regulations, policies and initiatives.
According to announcement of the SECP here on Thursday, the stakeholders, professionals, academia and general public were invited to participate in ongoing, in-depth discussions on specific topics and issues related to capital market, non-banking financial sector, and insurance and corporate sector regulations.
The interested individuals, companies can access the web consultation forum at www.secp.gov.pk Currently, five active discussions are going on the web forum: proposed bancassurance regulatory framework, report of the SECP's reform committee on non-banking financial sector, regulations for the draft bond pricing agency and commercial papers (CP) regulations.
The stakeholders may share helpful anecdotes, proposals and ask and respond to questions on active topics. The recently introduced concept paper on Centralised Know Your Client Organisation (CKO) is also available on the SECP's web forum for stakeholder's review and feedback. The worthy proposals and feedback from the web users will be examined and considered in policy decisions.
The SECP is Pakistan's first regulator to open itself for online public consultation before finalisation of new laws and regulations. The SECP's consultative approach will further enhance the SECP's effectiveness for playing a proactive role to improve the corporate sector regulatory regimes. It is pertinent to mention here that the SECP web forum is not a "chat room". This forum is being moderated by responsible officers.