Printer Friendly

SECP defers notification of Whistleblowing Regulations, 2017.

ISLAMABAD -- The Securities and Exchange Commission of Pakistan (SECP) has deferred notification of Whistleblowing Regulations, 2017.

The SECP had previously placed the said regulations, in draft form, on its website for seeking public comments, a press release said.

The deferment decision was taken in view of the Public Interest Disclosure Bill, 2017, passed by the National Assembly on August 17, 2017.

The said bill is aimed at protecting individuals, i.e. whistleblowers, who make certain disclosures of information in the public interest.

Among others, the bill covers offenses by companies and their directors.

Therefore, the essence of the bill is similar to that of the Whistleblowing Regulations proposed by the SECP.

However, as the bill is yet to be placed before the Senate for approval and its modus operandi is to be determined.

The commission is, therefore, of the view that notification of the regulations may be deferred until the finalization of the Bill.

COPYRIGHT 2017 Asianet-Pakistan
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Frontier Star (Northwest Frontier Province, Pakistan)
Date:Sep 7, 2017
Words:194
Previous Article:Govt working on new initiatives to boost exports: Secretary Commerce.
Next Article:US investors urged to invest in CPEC projects.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters