ASSIGNMENT # 1...... "SECP" BY ALI RAZA NEMATI (BBA HONS)

SECP:Secp stands for Security Exchange Commission Of Pakistan. Its basic purpose and mission is given below.MAIN GOALS:·The basic prelimanary mission is to protect investors and maintain the

integrity of the securities of the markets.·The SEC also overseas other key participants in the securities world,

including stockexchange, broker, dealers, investment advisors, mutual funds and public utility.

·Almost 400-500 civil enforcement action evolve each year by SEC agaisnt individuals and companies that deviate security laws.

·To develop a fair, efficient and transparent regulatory framework based on international standards

Evoulution:·The SEC foundation was laid in era that was ripe for reform. There was

negligible supportive hand for the federal regulation of the securities markets before the devastating crash in 1929.

·But after the stockmarket crashed in OCT. 1929 the fortunes of countless investors were lost.

·Banks got deprived of huge sums of money in the crash because they had invested heavily in the markets.

·When people feared their BANKS might not be able to pay back their money

In 1933 the act was passed to make such a campany which could assist the of people to get their confidence restored again.

FUTURE GOALS & AIMS:To establish modernized and efficient corporate and capital market based on sound regulatory principles,that extends impiety for high economic growth and faster social harmony in country.

DEVELPOMENT OF SECP:

The SECP act was passed by the parliament and promulgated in DEC 1997.It became functional from JAN 1st 1999.The scope of the authority of the commission has been extensively widened.The insurance sector,non banking financial companies,pension,funds have since been added to the purview of the commission.

HEAD QUARTER:The SEC consists of FIVE Presidentially appointed

Commissions,FOUR Divisions and EIGHTEEN offices Its head office is in WASHIGTON DC.The SEC has 11 regional and district office through out country.

RIPHAH SCHOOL OF LEADERSHIP RIPHAH INTERNATIONAL UNIVERSITY