Islamabad, October 22, 2021 (PPI-OT):Senator Waleed Iqbal commended the SECP for separating the adjudication from the supervision function, saying that the autonomy of both departments will ensure efficiency, transparency and improve regulatory oversight across sectors.
Senator Iqbal was speaking to the attendees of the training session on “Judicial Order Writing” organized by the SECP for the capacity building of its adjudication and enforcement officers, here on Thursday. The senator shared his insights on judicial order writing and reinforced that the judgement should be “simple, brief, unambiguous, self-contained, conveniently intelligible and written to express and not to impress”.
The Senator emphasized that to achieve better compliance of rules and regulations, and protect the rights of the minority shareholders, it is important to take timely and effective enforcement actions, supplemented with proportionate and dissuasive adjudication orders.
Earlier, in his opening remarks, SECP Chairman Aamir Khan informed the senator of the tangible improvements witnessed after the establishment of separate Adjudication and Supervision Divisions. He said that the positive impact of this separation of functions and consolidation of operations is evident from results.
For more information, contact:
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +92-51-9214005 or +92-51-9214009 (Ext. 378)