SECP Appellate Bench Disposes of 100 Appeals Within One Year
The Securities and Exchange Commission of Pakistan’s Appellate Bench has resolved 100 appeals within the period of March 2024 to March 2025. It is a huge achievement to expedite justice and bring down pending cases.
Timely Justice and Transparency
The SECP maintains transparency through the publication of all the decisions of the Appellate Bench on the SECP. The Appellate Bench Registry has been instrumental in efficiently deciding the cases, demonstrating SECP’s dedication to the enforcement of the rule of law.
Types of Cases Decided
Of the 100 appeals, the cases concerned:
26 cases under the Insurance Ordinance, 2000
6 cases under the Securities Act, 2015
22 cases related to the Companies Ordinance, 1984, and the Companies Act, 2017
6 cases related to contraventions of the Non-Banking Finance Companies Regulations, 2008
40 cases related to contraventions of SECP’s Anti-Money Laundering (AML) and Countering Financing of Terrorism (CFT) Regulations, 2018 and 2020
Fair and Just Decisions
Out of the 100 appeals, 94 orders were confirmed, and 6 were reversed, reflecting the Appellate Bench’s dedication to fair decisions and judicial integrity.
New Appeals Registered
In addition to clearing the backlog, the Appellate Bench Registry also recorded 92 new appeals during this time.
This achievement speaks volumes of SECP’s commitment to fostering judicial efficiency, improving access to justice, and accelerating the resolution of cases.
