Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has called for public feedback on proposed changes to the regulations governing rights issues for listed companies. The amendments aim to modify the requirement that prevents companies from proceeding with rights offers if their Credit Information Bureau (CIB) report shows any overdues or defaults.

The proposal comes after the SECP reviewed stakeholder opinions on a previous consultation paper that explored the effects of eliminating the CIB report requirement. The feedback indicated that the current rule hampers financially challenged companies from raising funds through rights issues, even when shareholders are supportive.

The draft amendments suggest that while the CIB report requirement might be relaxed, companies will be held to stricter disclosure standards. They will need to provide detailed information in their rights offer documents, including any overdue payments or defaults from the past three years and ongoing recovery processes.

The SECP has made the draft amendments available on its website, inviting stakeholders to submit their feedback by November 19, 2025, via the designated email address.