Circular No. 7 of 2026, April 21, 2026

Circular No.07 of 2026 No. SMD/SE/2(322)/2022 In partial modification of its earlier Circular No. 16 of 2025 dated July 03, 2025, the Securities and Exchange Commission of Pakistan, in exercise of the powers under clause (jb) of sub-section (4) of section 20 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997), read with section clause (ii) of section 2 of the Securities Act, 2015 (III of 2015), sub-section (3) of section 2 of the Futures Market Act, 2016 (XIV OF 2016); section 15 and 41B of the Modaraba Companies and Modaraba (Flotation and Control) Ordinance, 1980 (XXXI of 1980) read with rule 19 of the Modaraba Companies and Modaraba Rules, 1981; section 17 of the Corporate Restructuring Companies Act, 2016 (XXXII of 2016); clause (a) of sub-section (1) of section 48 of the Insurance Ordinance, 2000 (XXXIX of 2000); section 282B of the Companies Ordinance, 1984 (XLVII of 1984); rule 7(1)(ba) of the NBFC Rules, 2003; and regulation 38(2)(h) of the Non-Banking Finance Companies and Notified Entities Regulations, 2008 has decided to revise the list of auditors for audit of SECP Regulated Entities. Accordingly, it is informed that "S. M. Suhail & Co." is being included under clause (i) of the revised Annexure I (enclosed herewith). (Asif Iqbal)  Director/HOD Securities Market Division Policy, Regulation and Development Department ANNEXURE I LIST OF APPROVED AUDITORS FOR SECP-REGULATED ENTITIES [see Circular No. 07 of 2026] i. Audit firms given under this clause are eligible to conduct audit of all the SECP-regulated entities specified in the circular. Further, Securities Exchanges, Futures Exchanges, Clearing Houses and Depository Companies; Securities Brokers with Trading and Clearing Category license; Asset Management Companies or Pension Fund Managers or NBFCs with Assets under Management (AuM) of equal to or more than Rs. 50 billion and lending NBFCs (deposit-taking); Modarabas having asset size equal to or more than Rs. 1 billion; Collective Investment Schemes or Voluntary Pension Schemes or REIT schemes having asset size having asset size of equal to or more e than than Rs. Rs. 10 billion; Insurance, Reinsurance…