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PART-II Statutory Notifications (S.R.O.) Government of Pakistan SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN

NOTIFICATION

Islamabad, the 30th March, 2012 S.R.O. 339(I)/2012.__ In exercise of the powers conferred by Section 506A of the Companies Ordinance, 1984 (XLVII of 1984) and having being previously published in the official Gazette vide Notification No. SRO 712(I)/2011 dated July 18, 2011 as required by subsection (1) of section 506-A of the said Ordinance the Securities and Exchange Commission of Pakistan hereby makes the following Regulations, namely:-

CHAPTER I

PRELIMINARY 1. Short title and commencement.__ (1) These Regulations shall be called the “Debt Securities Trustee Regulations, 2012”. (2) They shall come into force at once.

2. Definitions. __ (1) In these Regulations, unless there is anything repugnant in the subject or context, _ (a) (b) (c) (d) “Act” means the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997); “Constitutive Documents” includes the memorandum and articles of association and any document governing the formation of a company or a body corporate; “Commission” means the Securities and Exchange Commission of Pakistan established under Section 3 of the Act; “Debt Security” means any security which creates or acknowledges indebtedness and includes; (i) Corporate debt securities such as Term Finance Certificates (TFCs), Sukuk Certificates, Participation Term Certificates (PTCs), Commercial Papers, and all kinds of debt instruments issued by any Pakistani or foreign company or corporation registered in Pakistan; and Government debt securities such as Treasury Bills (T-bills), Federal Investment Bonds (FIBs), Pakistan Investment Bonds (PIBs), Foreign Currency Bonds, Government Papers, Municipal Bonds, Infrastructure Bonds and all kind of debt

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(ii)

instruments issued by Federal Government, Provincial Governments, Local Authorities and other statutory bodies. (e) (f) (g) “Debt Securities...