Rule Book Of Pakistan Stock Exchange Limited (PSX) 1st Edition Updated on M a r c h 0 8 , 20 1 9 Pakistan Stock Exchange Regulations REGULATORY AMENDMENTS 1. Approval of Rule Book of KSE by SECP on April 10, 2014 and Gazette Notified on June 18, 2014 2. Amendments approved by SECP on June 10, 2014 and Gazette Notified on August 13, 2014: a) New para (x) in sub-clause 3.2 of Appendix-2 “Issue/Offer of Shares through Book Building” to Chapter 5 has been inserted. b) Clause 9 of Appendix-2 “Issue/Offer of Shares through Book Building” to Chapter 5 has been amended. c) New para (d) in sub-clause 11.1.2. of KSE Regulations has been inserted. d) Sub-clause 11.1.8. of KSE Regulations has been amended. 3. Amendments approved by SECP on July 11, 2014 and Gazette Notified on August 27, 2014: a) New para in sub-clause 5.19.4.(c). of Chapter 5 has been inserted. b) Sub-clauses 6.1.(k)., 6.1.(l)., 6.1.(m)., 6.11.(b)., 6.11.(e)., and 6.11.(h). of KSE Regulations have been amended. 4. Amendments approved by SECP on December 04, 2014 and Gazette Notified on December 24, 2014: a) Sub-clause 19.8.5. of KSE Regulations has been amended. b) Schedule-IX to Chapter 19 has been amended. c) Sub-clause 21.3.3.(b)(i) of KSE Regulations has been amended. 5. Amendments approved by SECP on December 10, 2014 and Gazette Notified on January 14, 2015: a) Para (f) in sub-clause 19.5.8. of KSE Regulations has been deleted. b) Sub-clause 19.5.9. of KSE Regulations has been amended. c) Schedule-III to Chapter 19 has been amended. d) Sub-clause 21.2.4. of KSE Regulations has been deleted. e) Clause 21.7. of KSE Regulations has been amended 6. New Chapter approved by SECP on January 29, 2015 and Gazette Notified on February 25, 2015: The Regulations Governing Listing and Trading of Equity Securities of Small and Medium Enterprises (SMEs) have been approved by SECP as Chapter 5A of KSE Regulations. 7. Minor Amendments approved by SECP on February 6, 2015 and Gazette Notified on March 25, 2015: a) Typographical errors/duplications have been removed from the KSE Regulations. b) Insertion of “Government Debt Securities (GDS) Market Regulations” as Chapter 6 of KSE regulations has been approved by SECP. 8. Amendments approved by SECP on February 6, 2015 and Gazette Notified on March 18, 2015: a) Sub-clause 4.19.1. of KSE Regulations has been amended. b) Sub-clause 6.1 of Schedule-A “Scope of Audit” to Chapter 23 has been amended. 9. Amendments approved by SECP on February 13, 2015 and Gazette Notified on April 1, 2015: a) Clause 8.15. of KSE Regulations has been amended. b) Sub-clause 8.17.5. of KSE Regulations has been amended. 10. Amendments approved by SECP on February 18, 2015 and Gazette Notified on April 15, 2015: New clauses 3.10 and 3.11 of KSE Regulations have been inserted. 11. Amendments to Code of Corporate Governance approved by SECP on February 23, 2015 and Gazette Notified on April 15, 2015 : a) Sub-clause 5.6.1.(d) of KSE Regulations has been amended. b) Sub-clause 5.19.15. of KSE Regulations has been amended. 12. Amendments approved by SECP on April 13, 2015 and Gazette Notified on May 20, 2015: a) Clause 4.19. of KSE Regulations has been amended. b) Clauses 6 and 11 of Schedule-A “Scope of Audit” to Chapter 23 have been amended. Pakistan Stock Exchange Regulations 13. Amendment approved by SECP on April 14, 2015 and Gazette Notified on June 24, 2015: Sub-clause 19.10.4. of KSE Regulations has been amended. 14. New Chapter and consequential amendments approved by SECP on May 18, 2015 and Gazette Notified on July 22, 2015: a) Sub-clause (xlvia) in clause 2.4. of KSE Regulations has been inserted. b) The sub-clause 5.1.1.(m) of clause 5.1. has been deleted. c) Listing of Debt Securities Regulations as Chapter 5B of KSE Regulations has been inserted. 15. Amendments approved by SECP on July 15, 2015 and July 24, 2015 and sent for Gazette Notification: a) New sub-clauses 4.19.6. and 4.19.7. of KSE Regulations have been inserted. b) New clauses 4.23. and 4.24. of KSE Regulations have been inserted. c) Sub-clause 5.6.1.(d) of KSE Regulation has been amended. d) Sub-clause 5.6.2.(a) of KSE Regulation has been amended. e) Sub-clause 19.3.2. of KSE Regulation has been amended f) Sub-clause 19.10.7. of clause 19.10. has been deleted. g) Existing sub-clause 19.10.8 of clause 19.10 has been renumbered as 19.10.7. h) New sub-clause 1.11 of Schedule-A “Scope of Audit” to Chapter 23 has been inserted. i) Existing sub-clause 1.11 of Schedule-A “Scope of Audit” to Chapter 23 has been renumbered as 1.12. 16. Amendments approved by SECP on November 02, 2015 and sent for Gazette Notification: a) Sub-clause 6.6. (c) of KSE Regulations has been amended. b) Clause 6.12. of KSE Regulations has been amended. c) Clause 6.13. of KSE Regulations has been amended. 17. Amendments approved by SECP on November 09, 2015 and sent for Gazette Notification: a) New clause 4.25 of KSE Regulations has been inserted. b) Sub-clause 19.5.4. of KSE Regulations has been amended. 18. Amendments approved by SECP on December 18, 2015 and January 01, 2016 pursuant to integration of stock exchanges which shall take effect from January 11, 2016 (the effective date of integration of stock exchanges) and sent for Gazette Notification: a) Consequential changes in the entire KSE Regulations were incorporated pertaining to change in the name of ‘Karachi Stock Exchange Limited (KSE or KSEL)’ to “Pakistan Stock Exchange Limited (PSX)”. b) Schedule-I ‘Base Minimum Capital to be Maintained by a Broker’ of Chapter 19 of PSX Regulations has been amended. c) Format of Certificate of Registration of Offices/Branch Offices of TRE Certificate Holders has been amended. 19. Amendments approved by SECP on January 01, 2016 which shall take effect from January 11, 2016 (the effective date of integration of stock exchanges) and sent for Gazette Notification: a) Sub-Clauses 8.3.2. and 8.3.3. of PSX Regulations have been amended. b) Sub-Clause 8B.5.3. of PSX Regulations has been amended. 20. Amendments approved by SECP on January 08, 2016 and sent for Gazette Notification: a) Clause 4.20 of PSX Regulations has been amended. b) New clause 4.26 of PSX Regulations has been inserted. c) New sub-clause 5A.1.1. (a) has been inserted and the existing sub-clause 5A.1.1. (a) of PSX Regulations has been renumbered as 5A.1.1. (b). d) Existing sub-clause 5A.1.1. (b) of PSX Regulations has been deleted. e) New sub-clause 5A.1.1. (c) has been inserted and the existing sub-clauses 5A.1.1. (c) and 5A.1.1. (d) of PSX Regulations have been renumbered as 5A.1.1. (d) and 5A.1.1. (e) respectively. f) Existing sub-clause 5A.1.1. (e) of PSX Regulations has been deleted. g) Sub-clause 5A.1.1. (h) of PSX Regulations has been amended. h) Sub-clauses 5A.2. (c), 5A.2. (f), 5A.2. (g), 5A.2. (i), 5A.2. (j) and 5A.2. (k) of PSX Regulations have been amended. i) Sub-clause 5A.3. (b) of PSX Regulations has been amended. j) Sub-clause 5A.5.2. of PSX Regulations has been amended. k) Clause 5A.6 of PSX Regulations has been amended. l) Existing clause 5A.7 of PSX Regulations has been deleted and the existing clauses 5A.8, 5A.9 and 5A.10 of PSX Regulations have been re-numbered as 5A.7, 5A.8 and 5A.9 respectively. m) Existing clause 5A.11 of PSX Regulations has been amended and renumbered as 5A.10. n) Existing sub-clause 5A.12.2 of PSX Regulations has been amended and the existing clause 5A.12 of PSX Regulations has been renumbered as 5A.11. Pakistan Stock Exchange Regulations o) Existing sub-clauses 5A.13. (c) and 5A.13. (d) of PSX Regulations have been amended and the existing clause 5A.13 of PSX Regulations has been renumbered as 5A.12. p) Existing clauses 5A.14, 5A.15 and 5A.16 of PSX Regulations have been re-numbered as 5A.13, 5A.14 and 5A.15 respectively. q) Existing sub-clauses 5A.17.1 and 5A.17.2 of PSX Regulations have been amended and the existing clause 5A.17 of PSX Regulations has been renumbered as 5A.16. r) Existing clause 5A.18 of PSX Regulations has been renumbered as 5A.17. s) Existing sub-clauses 5A.19.1, 5A.19.2 and 5A.19.3 of PSX Regulations have been amended and the existing clause 5A.19 of PSX Regulations has been renumbered as 5A.18. t) Existing sub-clause 5A.20.3 of PSX Regulations has been amended and the existing clause 5A.20 of PSX Regulations has been renumbered as 5A.19. 21. Amendments approved by SECP on January 22, 2016 and sent for Gazette Notification: a) Sub-Clause 17.2.10 of PSX Regulations has been amended.