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SECP mulls special purpose acquisition companies
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
SECP mulls special purpose acquisition companies
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
SECP mulls special purpose acquisition companies
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
The draft of the proposed amendments has been posted by the regulator on its website to seek public comments on the suggested changes. Reuters/File
LAHORE: The Securities and Exchange Commission of Pakistan (SECP) has proposed changes to the Public Offering Regulations to explore the concept of ‘special purpose acquisition company’ (SPAC) to provide a viable and sustainable ecosystem and more conducive regulatory environment for capital formation in the country through primary market.
The draft of the proposed amendments has been posted by the regulator on its website to seek public comments on the suggested changes.
SPAC is a new concept for Pakistan’s capital market but is prevalent in many countries, including the US, Canada, Malaysia, etc. Under the SPAC structure, a company comprising a group of persons or professionals raises funds from the public to use them for the purpose of mergers or acquisitions within a permitted time-frame, according to the SECP announcement.
Stock market regulator latches on to idea of SPACs - Newspaper
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