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THE LAW OF INSIDER TRADING IN PAKISTAN FOCUSING ASSOCIATED PERSON CONNECTED P

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07 Pages : 48-59

http://dx.doi.org/10.31703/glsr.2021(VI-II).07      10.31703/glsr.2021(VI-II).07      Published : Jun 2021

The Law of Insider Trading in Pakistan: Focusing Associated Person Connected P..

Abstract

    The legal mechanism that has been adopted for insider trading in Pakistan focuses on the associated and connected person includes Securities and Exchange Ordinance 1969 and Companies Ordinance 1984. The paper discusses the key issues regarding the associated and connected person and legal regime regarding the effectiveness of insider trading in Pakistan. This paper examines the existing laws in Pakistan, which specifically focus upon market-oriented regulations and economic development. The focus of this paper is to highlight the legal framework and connectivity between associated and connected persons affiliated with insider trading and other prohibitions which are provided in the SECP regularities of Pakistan.To tackle the misleading information and devaluation of market prices through insider trading is also part of this paper, along with some basic information like defrauding the market and, consequently, the shareholder sat large will also be discussed in this paper.

    Associated Person, Connected Person, Insider Trading

    (1) Najeeb ullah Khan
    PhD Scholar, Faculty of Shariah Law, International Islamic University, Islamabad, Pakistan.
    (2) Ikram Ullah
    Assistant Professor Department of Law, International Islamic University, Islamabad, Pakistan
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References

  • The Securities & Exchange Ordinance, 1969 (
  • The Securities and Exchange Rules, 1971
  • Companies Ordinance, 1984
  • Credit Rating Companies Rules 1995
  • The Securities and Exchange Commission of Pakistan Act, 1997
  • The Securities and Exchange Commission of Pakistan (Appellate Bench Procedure) Rules, 2003
  • The Securities and Exchange Policy Board (Conduct of Business) Regulations, 2000
  • The Balloters, Transfer Agents and Underwriters Rules, 2001
  • The Securities and Exchange Commission (Insurance) Rules, 2002
  • The Securities Act, 2015
  • The Foreign Exchange Regulation Act, 1947
  • Listed Companies (Prohibition of Insiders Trading) Guidelines, 2001
  • The Central Depositories Act, 1997
  • Public Sector Companies (Corporate Governance) Rules, 2013.
  • Public Offering & Disclosures Regulations 2015
  • Reporting & Disclosures (of Shareholding by Directors, Executive Officers & Potential Shareholders in Listed Companies) Regulation 2015
  • Public Offering of Securities Rules 2016 (POSR 2016).
  • The Central Depository (Licensing & Operations) Regulations 2016.
  • Advisors & Consultants to the Issue of Securities Rules 2016 (ACISR 2016).
  • Futures Market Act 2016 (XIV of 2016).
  • Access to Insider Information Regulations, 2016. Repealed SEO 1969
  • Listed Companies (Code of Corporate Governance) Regulations, 2017.
  • Public Offering Regulations, 2017. Companies Act 2017

Cite this article

APA

CHICAGO

    CHICAGO : Khan, Najeeb ullah, and Ikram Ullah. 2021. "The Law of Insider Trading in Pakistan: Focusing Associated Person Connected P..." Global Legal Studies Review, VI (II): 48-59 doi: 10.31703/glsr.2021(VI-II).07

HARVARD

    HARVARD : KHAN, N. U. & ULLAH, I. 2021. The Law of Insider Trading in Pakistan: Focusing Associated Person Connected P... Global Legal Studies Review, VI, 48-59 .

MHRA

    MHRA : Khan, Najeeb ullah, and Ikram Ullah. 2021. "The Law of Insider Trading in Pakistan: Focusing Associated Person Connected P..." Global Legal Studies Review, VI: 48-59

MLA

    MLA : Khan, Najeeb ullah, and Ikram Ullah. "The Law of Insider Trading in Pakistan: Focusing Associated Person Connected P..." Global Legal Studies Review, VI.II (2021): 48-59 Print.

OXFORD

    OXFORD : Khan, Najeeb ullah and Ullah, Ikram (2021), "The Law of Insider Trading in Pakistan: Focusing Associated Person Connected P..", Global Legal Studies Review, VI (II), 48-59

TURABIAN

    TURABIAN : Khan, Najeeb ullah, and Ikram Ullah. "The Law of Insider Trading in Pakistan: Focusing Associated Person Connected P..." Global Legal Studies Review VI, no. II (2021): 48-59 . https://doi.org/10.31703/glsr.2021(VI-II).07