A brief on the Listed Companies | KPMG | PK

A brief on the Listed Companies (Code of Corporate Governance) Regulations, 2017

A brief on the Listed Companies

The Securities and Exchange Commission notified the Listed Companies (Code of Corporate Governance) Regulations, 2017 on 22 November 2017. These regulations would replace Code of Corporate Governance revised in 2012. This publication contains a synopsis of the new code and an analysis of the pertinent differences between the repealed and the new Code.

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PK Code Of Conduct

These Regulations shall apply to listed companies and to all other entities, to the extent applicable, where the statutes and underlying licensing requirements require such entities to comply with these Regulations. Unless otherwise specified, words and expressions used but not defined in these Regulations shall have the same meaning as assigned to them in the Companies Act 2017 (“the Act”) and the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997).

These Regulations shall come into force for the period starting after 31 December 2017.

We recommend that while considering the application of various provisions to any particular case, reference should be made to the specific wordings of the relevant statute.
 

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

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