FY 2024–2025: SECP Appellate Bench disposes of 124 appeals
Of the appeals decided, 22 cases pertained to the Insurance Ordinance, 2000, while 15 were related to the Securities Act, 2015. Additionally, 34 appeals involved provisions of the Companies Ordinance, 1984, and the Companies Act, 2017, and 05 appeals addressed violations of the Non-Banking Finance Companies Regulations, 2008.
The remaining 48 appeals concerned breaches of the SECP's Anti-Money Laundering and Countering Financing of Terrorism Regulations, 2018 and 2020. Out of the 124 appeals filed against orders issued by SECP's adjudicating authorities, the Appellate Bench upheld 113 decisions, while 11 orders were set aside.
This outcome underscores the Bench's efficiency, impartiality, and its role as an effective appellate forum for redressal of grievances and dispute resolution.
All decisions rendered by the Appellate Bench are publicly accessible on the SECP's official website, reflecting the Commission's ongoing commitment to transparency and good governance.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
a day ago
- Business Recorder
Pivotal moment, indeed
EDITORIAL: When the central bank of central banks sounds the alarm, financial markets ought to listen. The Bank for International Settlements (BIS), hardly given to rhetorical excess, has issued a blunt warning: the global economy stands at a 'pivotal moment.' And this time, it's not about business cycles or temporary liquidity crunches — it's about deep structural vulnerabilities that could shatter what's left of global economic resilience. The triggers are all around us. Global debt levels are climbing, productivity is stagnating, supply chains remain fragmented, and central banks are still grappling with the aftershocks of the post-Covid inflation surge. The dollar's weakening and rising interest rate sensitivity among indebted governments only deepen the sense of unease. Markets may have rallied in recent months, but the BIS is pointing to fault lines beneath the surface, not the technicals on top. What makes this warning different is its clarity about where the world is headed if course correction is delayed. Economic resilience is eroding, the BIS says, not simply because of economic forces, but because of policy failures. Years of fiscal complacency, underinvestment in productivity, and overreliance on monetary stimulus have created a fragile equilibrium. One external shock — from a geopolitical flashpoint to a trade breakdown — could be all it takes to tip major economies into prolonged distress. More troubling still is the observation that confidence in institutions, especially central banks, is under pressure. That alone should be a red flag. Central banks depend as much on credibility as on policy tools. The report's implicit criticism of trade fragmentation and re-shoring efforts also cuts to the heart of the current global policy dilemma. Governments are moving to reduce reliance on hostile or unreliable trading partners, but they're doing so at the cost of efficiency and coordination. In turn, this raises prices, complicates monetary policy, and slows down growth further. Yet there seems little appetite — let alone capacity — for collective economic management in a world where nationalism trumps multilateralism. Perhaps the most immediate signal to watch is the steep fall in the dollar, down 10 percent in just six months. BIS economists don't see this as a full-blown rotation out of US assets, but the fact that non-US investors are increasingly hedging their dollar exposures suggests rising discomfort. For financial institutions that manage global portfolios and sovereign debt strategies such moves often precede larger shifts in asset allocation—shifts that can reshape capital flows in very disruptive ways. There's also the question of how much policy space remains. The BIS is right to point to the trap many governments are falling into: high debt levels now leave very little room to respond to future crises. The next recession, when it arrives, may find both fiscal and monetary tools blunted, while citizens increasingly distrust the very institutions tasked with providing relief. It is a toxic brew. This is not the first time BIS has issued such a call, but it may be the most urgent. A system stretched across weak foundations, tested by simultaneous shocks, cannot afford inaction or delay. Global financial governance, especially across G20 economies, must stop pretending that the current model can muddle through. It cannot. The world economy is running out of buffers. Policymakers, investors, and institutions would do well to treat this moment with the seriousness it demands. Because if even the BIS is beginning to sound worried, the finance world should stop hoping for soft landings and start preparing for harder truths. Copyright Business Recorder, 2025
Business Recorder
a day ago
- Business Recorder
FY 2024–2025: SECP Appellate Bench disposes of 124 appeals
ISLAMABAD: The Appellate Bench of the Securities and Exchange Commission of Pakistan (SECP), in interest of timely justice and regulatory accountability has disposed 124 appeals during the financial year 2024–2025. Of the appeals decided, 22 cases pertained to the Insurance Ordinance, 2000, while 15 were related to the Securities Act, 2015. Additionally, 34 appeals involved provisions of the Companies Ordinance, 1984, and the Companies Act, 2017, and 05 appeals addressed violations of the Non-Banking Finance Companies Regulations, 2008. The remaining 48 appeals concerned breaches of the SECP's Anti-Money Laundering and Countering Financing of Terrorism Regulations, 2018 and 2020. Out of the 124 appeals filed against orders issued by SECP's adjudicating authorities, the Appellate Bench upheld 113 decisions, while 11 orders were set aside. This outcome underscores the Bench's efficiency, impartiality, and its role as an effective appellate forum for redressal of grievances and dispute resolution. All decisions rendered by the Appellate Bench are publicly accessible on the SECP's official website, reflecting the Commission's ongoing commitment to transparency and good governance. Copyright Business Recorder, 2025
Business Recorder
2 days ago
- Business Recorder
UAE stocks inch higher as geopolitical tensions ease, AI sector shines
Stock markets in the United Arab Emirates closed slightly higher on Friday, buoyed by easing geopolitical tensions and cautious optimism around a potential ceasefire deal between Israel and Hamas as well as Iran's commitment to nuclear non-proliferation. Iran remains committed to the nuclear Non-Proliferation Treaty and its safeguards agreement, Foreign Minister Abbas Araqchi said on Thursday, a day after Tehran enacted a law suspending cooperation with the U.N. nuclear watchdog. Israeli officials said prospects for reaching a ceasefire and hostage deal appeared high, nearly 21 months since the war between Israel and Hamas began. In Dubai, the main stock index ended the day 0.1% higher after spending most of the session in negative territory. The late recovery was driven by a 1.3% gain in Emirates NBD Bank and a 1.2% rise in Dubai Investments. However, Taaleem Holdings, a major operator of international schools, fell 1.2% after reporting a 5% drop inthird quarter net profit to 82.03 million dirhams ($22.33 million). Abu Dhabi's benchmark index also edged up 0.1%, supported by strong performances in AI and next-generation technology stocks. Presight AI, a big data analytics firm, surged 14.9% to an all-time high of 3.9 dirhams per share since its listing in March 2023. Major Gulf Shares rise as steady PMIs signal growth Space42, an AI-powered space technology company, jumped 10.4%, marking its biggest intraday gain since May 2023. According to Traze CEO Erkin Kamran, AI and tech stocks are likely to remain in favour as the UAE accelerates its push to become a global AI hub. Easing U.S.-China trade tensions and reduced restrictions on AI exports are also expected to attract more investor interest in the sector. For the week, the Abu Dhabi and Dubai indexes logged 1% and 1.2% gains respectively, according to LSEG data. Oil prices - a key catalyst for the Gulf's financial markets - drifted lower on Friday as eight OPEC+ countries are likely to make another accelerated oil output increase for August at a meeting on Saturday, sources from the producer group told Reuters, as they seek to regain market share. Brent crude was down 0.7% at $68.29 a barrel by 1204 GMT. --------------------------------- ABU DHABI rose 0.1% to 9,981 DUBAI up 0.1% to 5,753 ---------------------------------
