SEC chief for financial sector reforms

Staff Report

KARACHI: Dr Tariq Hassan, chairman Securities and Exchange Commission of Pakistan has said the security watchdog was conscious over need of reforms among financial professionals.

“And we are firmly committed to bringing about dynamism and professionalism among them,” he said in an address to the board meeting of the association held on Saturday.

He said as per its mandate to protect investor interest and international developments, the SEC considered it expedient to bring the activities of financial professionals within the regulatory net.

“We also recognise that further development of our financial markets requires that higher standards and superior quality of financial analysis and asset management are provided to the investors,” he added.

The SEC chief said he would like to bring on board those concerned, so that that policy and regulatory measures instituted by SEC were counted and well-accepted. “A number of issues needed to be addressed, such as minimum qualification requirements for these professional services providers, their registration, as well as mechanism for achieving integrity and independence,” said Mr Hasan.

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