In this connection, the Ministry of Finance has moved the summary for the approval of the Prime Minister followed to be tabled in the cabinet meeting.
The tenure of SECP Chairman, Amir Khan will be completed in the first week of the coming month.
The SECP is a body corporate established under the Securities and Exchange Commission of Pakistan Act, 1997 (“SECP Act”) with the mandate of beneficial regulation of Pakistan’s corporate sector/capital market and insurance industry, etc.
The Commission is run by the Chairman and Commissioners appointed by the Federal Government under Section 5 of the SECP Act. The policy board of SECP is a supervisory body consisting of members appointed by the Federal Government under Section 12 of the SECP Act.
The government-appointed two Commissioners, one from the private sector and the other from the public in the SECP on November 20, 2018. Subsequently, Aamir Ali Khan joined as Commissioner on December 07, 2018, and later he was made the SECP tenure.