S.R.O. 1282(I)/2005, dated 28th December, 2005

SROS: S.R.O. 1282(I)/2005, dated 28th December, 2005 REGULATIONS OF THE CONSTITUTION OF THE GOVERNING BODY OF THE KARACHI STOCK EXCHANGE BY THE SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Notification No. S.R.O. 1282(I)/2005, dated 28th December, 2005:- In exercise of the powers conferred under sub-section(5) of section 34 of the Securities and Exchange Ordinance, 1969, and in suppression of the S.R.O. 101(I)/2001 dated 15 February, 2001 as amended from time to time, the Securities and Exchange Commission of Pakistan hereby makes the following Regulations, namely Regulations of the Constitution of the Governing Body of the Karachi Stock Exchange which shall deemed to have been made by the KSE in accordance with the provisions of this section and shall have effect accordingly. 1. The Board of Directors(the Board) of the Exchange shall be constituted as follows:-- I. Five directors to be elected by the general body of the Exchange, from amongst the members. II. Four non-member directors to be nominated and appointed by the Commission from professionals including but not limited to non-members securities market experts, lawyers, chartered accountants, cost and management accountants, investment bankers. I.T. experts, management experts, in consultation with such professional bodies as the Commission may consider appropriate e.g. Management Association of Pakistan(MAP), Institute of Chartered Accountants of Pakistan(ICAP), Institute of Cost and Management Accountants of Pakistan(ICMAP), Pakistan Banks Association(PBA), Investment Bank Association of…