SECP
SECP proposes new rules for insurance guarantees
SECP has issued draft rules tightening bid, performance, advance-payment and customs guarantees issued by insurers, adding stricter solvency assessments and clearer claim-payment obligations. The framework aims to cut contractual uncertainty and litigation in construction and trade.
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About Securities & Exchange Commission of Pakistan (SECP)
The regulator for companies, capital markets, and non-banking financial institutions in Pakistan, and the registrar for corporate entities.
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