SECP Disposes Of 98% Adjudication Caseload, Imposes Rs 4.73 Billion in Penalties
Published: September 19, 2026 | Time: 01:30 PM
ISLAMABAD, (APP - UrduPoint / Pakistan Point News - 19th Sep, 2026)
The Securities and Exchange Commission of Pakistan (SECP) has disposed of 98% of its adjudication caseload, issuing decisions in 573 cases and imposing penalties exceeding Rs 4.73 billion for violations of the Companies Act and other applicable laws.
Following the appointment of SECP Chairman Dr Kabir Ahmed Sidhu, the commission enhanced its adjudication function. Out of 969 Adjudication Recommendation Notes, 953 were reviewed while proceedings in 573 cases were concluded through reasoned orders, as stated in a news release.
The remaining recommendations for legal proceedings were processed via strengthened oversight and effective case management, clearing the entire adjudication backlog.
These proceedings involved:
- Listed, unlisted, and private companies
- Regulated entities including securities brokers, insurance companies, and Non-Banking Finance Companies
Violations ranged from:
- Non-submission of financial statements and statutory information
- Delays in holding annual general meetings
- Non-disclosure of mandatory information
- Breaches of financial reporting and corporate governance requirements
- Failure to appoint female and independent directors.
SECP Chairman emphasized:
The commission is ensuring timely, transparent, and evidence-based decisions in all adjudication matters. Their priorities include:
- Expeditious disposal of pending proceedings through effective case management
- Strengthening the rule of law
- Promoting a culture of regulatory compliance among companies
- Protecting the interests of investors, particularly minority shareholders.