The Securities and Exchange Commission of Pakistan (SECP) has introduced a maximum period of 14 working days for granting regulatory approvals to a listing application and prospectus, as per a circular issued under section 172 of the Securities Act, 2015.
Additionally, a 15-day window has been set for the Pakistan Stock Exchange Limited (PSX) to complete the entire post-approval procedures for listing.
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These standardized timelines aim to promote the Initial Public Offering (IPO) market, attract new listings to the PSX, and streamline the IPO approval process.
The circular came into force immediately, and stakeholders are advised to adhere to it.
