SECP constitutes new benches for expeditious disposal of appeals

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The Securities and Exchange Commission of Pakistan, subsequent to the appointment of three commissioners by the federal government, completing its quorum of commissioners, has sanctioned the approval to constitute new benches to hear appeals under Section 33 of the SECP Act, 1997.

The commission had been operating with only two commissioners in the past year, which had resulted in an accumulation of appeals filed before the appellate bench, said a press release issued here.

Following the constitution of new benches, the registrar Appellate Bench has fixed a hearing of 37 Appeals on December 29, 2022, before newly appointed Commissioners Abdul Rehman Warraich and Mr. Mujtaba Ahmad Lodhi.—APP