SECP Appellate Bench Resolves 124 Appeals in FY24-25

In a move towards ensuring prompt justice and maintaining regulatory accountability, the Appellate Bench of the Securities and Exchange Commission of Pakistan (SECP) successfully concluded 124 appeals during the fiscal year 2024–2025.

Of the total appeals adjudicated, 22 were related to the Insurance Ordinance of 2000, while 15 pertained to the Securities Act of 2015. Furthermore, 34 appeals addressed matters concerning the Companies Ordinance of 1984 and the Companies Act of 2017, and 5 appeals dealt with infringements of the Non-Banking Finance Companies Regulations of 2008.

The remaining 48 appeals were associated with violations of the SECP’s Anti-Money Laundering and Countering Financing of Terrorism Regulations issued in 2018 and 2020. Among the 124 appeals lodged against directives from SECP’s adjudicating bodies, the Appellate Bench validated 113 decisions, while 11 orders were overturned.

This result highlights the Bench’s effectiveness, impartiality, and its significance as a valuable appellate platform for addressing grievances and resolving disputes.

All judgments made by the Appellate Bench are publicly available on the SECP’s official website, demonstrating the Commission’s ongoing dedication to openness and responsible governance.