Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has announced significant revisions to its public offering regulations, effective August 6, 2025. The updated rules, which govern public offerings of equity, debt, and REIT units, aim to modernize the process for both companies and investors.
The alterations follow extensive consultations with stakeholders. The SECP seeks to enhance the initial public offering (IPO) process through increased competition, technological integration, greater transparency, and a more comprehensive price discovery system.
Among the key modifications is the authorization of banks and development finance institutions (DFIs) to serve as advisors for equity offerings. The regulations also replace the single book-building manager system with a broader “Eligible Participant” model, designed to encourage wider investor engagement.
The complete details of the amended regulations can be accessed on the SECP’s official website.