SECP S.R.O. 915(I)/2026 Is Draft Consultation Text, Not a Final Companies Regulation Amendment
Official-Source Legal Status and Practical Effect
Securities and Exchange Commission of Pakistan (SECP): What the Source Establishes and What Still Requires Verification
SECP's page is titled as an amendment item, but the attached S.R.O. 915(I)/2026 expressly publishes proposed wording for regulation 106 of the Companies Regulations, 2024 as draft amendments for consultation.
Key Points from the Verified Source
- The attached notification uses the words 'draft amendments' and invites comments within fourteen days.
- The proposed wording concerns regulation 106 and security clearance in specified foreign-funding, foreign-promoter, foreign-director or foreign-CEO situations.
- A draft consultation should not be described as operative law unless a later final instrument can be verified.
What the official SECP document says
The SECP attachment for S.R.O. 915(I)/2026 is dated 1 June 2026 and states that the proposed changes to the Companies Regulations, 2024 are being published as draft amendments for persons likely to be affected, with comments invited within fourteen days.
The proposed substitution relates to regulation 106 and describes security-clearance treatment for specified cases involving foreign funding or donation, foreign promoters, foreign directors or a foreign chief executive officer of an applicant seeking a licence under the Regulations.
Why the draft status is important
A notification index title can be shorter than the legal status expressed inside the attached instrument. For compliance work, the text of the document and any later final notification should be checked before treating proposed wording as binding.
Qanoon Group therefore treats S.R.O. 915(I)/2026 as consultation material unless a later final instrument establishing the amendment is identified.
What companies and advisers should verify
Check the current consolidated Companies Regulations, the latest SECP notifications, the applicant's licensing category and any later instrument dealing with regulation 106 before advising on a live filing or licence application.