April 22, 2025 (MLN): The Securities and Alternate Fee of Pakistan (SECP) has enhanced its quasi-judicial operations by a revitalized and extra environment friendly Appellate Bench Registry.

Recognizing the essential position of the Appellate Bench because the Fee’s closing discussion board for adjudication, Chairman Akif Saeed positioned strategic emphasis on institutional reform and judicial efficacy.

This focus resulted within the strengthening of the Registry by deploying a devoted and extremely expert workforce, together with streamlined inner processes designed to boost operational efficiency.

These institutional enhancements facilitated the accelerated decision of long-pending appeals and the profitable clearance of a considerable backlog of instances spanning from 2012 to 2020.

This progress was achieved whereas upholding highest requirements of authorized reasoning, procedural equity, and reinforcing the jurisprudential depth of the Appellate Bench’s choices.

The current rulings haven’t solely articulated authoritative and well-founded interpretations of key statutory provisions, most notably underneath the Firms Act, 2017.

They’re additionally poised to function important reference sources for authorized practitioners, market individuals, and regulatory authorities, thereby taking part in a pivotal position in shaping and advancing company authorized jurisprudence in Pakistan.

Aligned with ideas of transparency and accountability, all Appellate Bench orders are publicly accessible on the SECP official web site.

Firm secretaries, authorized professionals, compliance officers, and different company stakeholders are strongly inspired to seek the advice of these choices, which function important reference materials for the interpretation and utility of company legal guidelines.

Complementing these institutional reforms, the Appellate Bench Registry has additionally efficiently developed a complete digital repository of appellate choices spanning the final 20 years.

This cutting-edge inner useful resource presents section-wise, statute-specific, and year-wise classification of all orders from 2006 to 2025.

With intuitive one-click entry, the repository considerably enhances the power of inner stakeholders to retrieve and apply authoritative interpretations and rulings issued by successive benches.

This initiative not solely strengthens institutional reminiscence but additionally promotes uniformity and consistency in authorized reasoning throughout the Fee, as per the press launch issued at the moment.

Demonstrating its dedication to steady enchancment, the Registry has additionally undertaken a complete assessment of the SECP (Appellate Bench Process) Guidelines, 2003.

The proposed amendments, developed in session with inner stakeholders, are aimed to align the procedural guidelines with evolving authorized frameworks and sensible operational necessities.

The revised draft is at present being finalized for submission to the competent discussion board for approval and notification, representing yet one more step towards enhancing the transparency, effectivity, and authorized robustness of the Fee’s adjudicatory framework.

This transformative section of the Appellate Bench Registry displays SECP’s forward-looking regulatory philosophy specializing in judicial excellence, stakeholder confidence, and institutional credibility.

Chairman Akif Saeed’s visionary management has been instrumental in driving these initiatives.

These efforts collectively reinforce investor belief and underscore the Fee’s unwavering dedication to transparency, authorized integrity, and the immediate and equitable dispensation of justice throughout all boards.

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Posted on: 2025-04-22T21:37:02+05:00