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The draft of the proposed amendments has been posted by the regulator on its website to seek public comments on the suggested changes. Reuters/File LAHORE: The Securities and Exchange Commission of Pakistan (SECP) has proposed changes to the Public Offering Regulations to explore the concept of ‘special purpose acquisition company’ (SPAC) to provide a viable and sustainable ecosystem and more conducive regulatory environment for capital formation in the country through primary market. The draft of the proposed amendments has been posted by the regulator on its website to seek public comments on the suggested changes. SPAC is a new concept for Pakistan’s capital market but is prevalent in many countries, including the US, Canada, Malaysia, etc. Under the SPAC structure, a company comprising a group of persons or professionals raises funds from the public to use them for the purpose of mergers or acquisitions within a permitted time-frame, according to the SECP announcement.

Aftab ahmad chaudhryFinancial market developmentExchange commission of pakistanExchange commissionPublic offering regulationsEscrow accountGrowth enterprise marketFinancial market development projectநிதி சந்தை வளர்ச்சிபரிமாற்றம் தரகு ஆஃப் பாக்கிஸ்தான்பரிமாற்றம் தரகுபொது பிரசாதம் ஒழுங்குமுறைகள்எஸ்க்ரோ எண்ணுதல்வளர்ச்சி நிறுவன சந்தை