Stock Exchange Member (Inspection of Books and Record) Rules, 2001
The Stock Exchange Member (Inspection of Books and Records) Rules, 2001were made by Securities and Exchange Commission of Pakistan with the approval of the Federal Government in exercise of the powers conferred by section 33 of the Securities and Exchange Ordinance, 1969 (XVII of 1969), read with clause (b) of section 43 of the Securities and Exchange Commission of Pakistan Act, 1997 (XLII of 1997). These rules shall apply to all members of stock exchanges in Pakistan. The commission may order inspection of books and record required to be maintained by a member of stock exchange under these rules. When the commission decides to undertake an inspection, a notice of fifteen days shall be given to the member of the exchange for such purpose. Provided, that the notice, as aforesaid, shall not be required if the Commission is satisfied that immediate inspection is necessary in the interest of investors and the securities market. Inspectors appointed by the commission for inspection shall submit their finding with the commission, which shall communicate the finding of such report to the member within fifteen days after such submission.
