Public Limited Companies in Pakistan must comply with the regulations set out by the Securities and Exchange Commission of Pakistan (SECP) for the maintenance of their websites. These regulations specify the requirements for public companies to maintain a website in English and Urdu. A company’s website must be up-to-date and contain the required information. It must also contain links to its other relevant documents. You will find some information about Website Compliance Requirement SECP Pakistan here.
These regulations are very strict and may impact your business. If your site does not meet the requirements, it will be subject to penalties.
Despite the stringent regulations set out by the SECP, law firms in Pakistan can assist your company with its website compliance. As the regulations became effective in 2014, more companies are seeking the help of a local legal firm to ensure compliance with the SECP.
SECP Rules for Website
Businesses in Pakistan must follow the rules set by the SECP in order to comply with the regulations set forth by the organization. These regulations include: protecting confidential data on the website; storing financial reports in an electronic form; and sending a certified compliance certificate from the CEO. It’s important to comply with these regulations to protect the interests of your company and your clients. And if your company has a website, it should have a compliance certificate signed by the CEO.
Listed companies are required to publish their financial statements on their website on the same day they send notice to shareholders. The SECP requires that these companies send their compliance certificate to the Commission within seven days of posting the annual financial statements on their website. The Company secretary must also notify the Commission of any changes to the website. The preferred format for the compliance certificate is specified in the Guidelines. Further, companies must not post their financial statements in their websites without SECP’s approval.
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