Security and Exchange Ordinance (XVII of 1969)

[As Amended Up-to-Date Till 2012] SECURITIES AND EXCHANGE ORDINANCE, 1969 ORDINANCE NO. XVII OF 1969 (28th June, 1969) AN ORDINANCE   To provide for the protection of investors, regulation of markets and dealings in securities           WHEREAS it is expedient to provide for the protection of investors, regulation of markets and dealings in securities and for matters ancillary thereto;         AND WHEREAS the national interest of Pakistan in relation to the achievement of uniformity requires [1][Federal] legislation in the matter;         NOW, THEREFORE , in pursuance of the Proclamation of the 25th day of March 1969, read with the Provisional Constitution Order, and in exercise of all powers enabling him in that behalf,  the President is pleased to make and promulgate the following Ordinance:-   CHAPTER - I PRELIMINARY   1. Short title, extent and commencement.-(1) This Ordinance may be called the Securities and Exchange Ordinance,1969. It extends to the whole of Pakistan. It shall come into force on such date as the [2][Federal] Government may, by notification in the official Gazette, appoint. 2. Definitions.- 3[(1)] In this Ordinance, unless there is anything repugnant in the subject or context,- 4[ (a)   “agent” means a person appointed by a member to act on his behalf for the purposes recognized by 5[an] exchange;  (ab)    “associate” means any partner, employee, officer or director of a member; (ac) “asset management company” means a company which offers investment schemes under trust deeds and issues redeemable securities”;   (ad) “balloter” means a person who provides services to an issuer for selecting the required number of applicants of public issue through a computer draw;] “bank”  means a banking company as defined in the Banking Companies Ordinance,1962 (LVII of 1962); “broker”  means any person engaged in the business of effecting transactions in securities for the account of others; 6[[(ca)]…