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National Assembly of Pakistan

National Assembly of Pakistan

SECP to Replace Appellate Bench With Financial Services Market Tribunal

SECP to Replace Appellate Bench With Financial Services Market Tribunal The Securities and Exchange Commission of Pakistan (SECP) on Thursday informed National Assembly Standing Committee on Finance that the existing Appellate Bench of the Commission would be replaced with an independent “Financial Services Market Tribunal” for hearing appeals against orders passed by the SECP. The SECP officials informed the committee during an in-camera briefing held at the SECP. The 58th meeting of the National Assembly Standing Committee on Finance and Revenue held at the SECP Headquarters under the chairmanship of Mr. Faiz Ullah, MNA. The Committee discussed the agenda items pertaining to the review of the Companies (Amendment) Bill 2020, with regard to the issuance of Ordinance No V of 2020, Companies (Second Amendment) Bill 2020 with regards to Ordinance No X of 2020, and the SECP (Amendment) Bill 2020.

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