The Securities and Exchange Commission of Pakistan with the approval of the board made the following amendments in Securities and Exchange Commission (Insurance) Rules, 2002 in exercise of the powers conferred by Sub Section 2 of Section 167 of the Insurance Ordinance, 2002. In the Securities and Exchange Commission (Insurance) Rules, 2002 the Rule 9 was omitted and in Sub-Rule (1) of rule 15 the words “by the 31st January of each year” appearing after the word “arrangement” was omitted.