SECP Introduces New Book-Building System
The Securities and Exchange Commission of Pakistan (SECP) has approved a new book-building mechanism to modernize the country's capital markets.
The new mechanism aims to boost transparency, widen investor participation, and strengthen confidence in Pakistan's capital markets.
Key Features of the New Mechanism
- Securities brokers, banks, development finance institutions (DFIs), and mutual funds can participate directly in the book-building process.
- Eligible participants can place bids directly into the book-building system, either on their own behalf or for their clients.
- Investors can choose between disclosed or undisclosed bids, ensuring confidentiality in bid visibility where desired.
“Eligible participants can place bids directly into the book-building system, either on their own behalf or for their clients,”
The initiative is designed to broaden investor participation and strengthen confidence in the capital market ecosystem.
Author's summary: SECP introduces new book-building system to modernize capital markets in Pakistan.
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