SECP mandates unlisted companies to publish audited financial reports on PSX portal

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has instructed all licensed companies to upload their most recent annual audited financial statements onto the Financial Portal for Unlisted Companies (FPUC), a platform developed by the Pakistan Stock Exchange Limited (PSX).

In its directive, identified as number 2 of 2025, the SECP aims to enhance transparency and provide the general public and investors with a clearer picture of the performance of licensed companies.

The SECP, under Section 20 of the Securities and Exchange Commission of Pakistan Act, 1997, has the authority to regulate the financial services market, which includes licensed activities. It is tasked with promoting proper conduct, competence, and integrity within the capital market, with particular attention to public interest disclosures and investor protection.

Recognising the significant public interest associated with the activities of licensed companies, the Commission has deemed it essential to elevate standards of transparency, governance, and disclosure. By requiring the dissemination of audited financial statements, the SECP aims to enable a more thorough analysis of these companies’ performance by the general public and investors.

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Therefore, leveraging its powers under various legal provisions, the SECP mandates that all unlisted licensed companies must:

1. Within 30 days of this directive, sign an agreement with the Pakistan Stock Exchange Limited (PSX) to create a USER ID for accessing the Financial Portal for Unlisted Companies (FPUC).

2. Upload their latest available annual audited financial statements onto the FPUC for public access.

3. Continue to upload future audited financial statements to the FPUC, adhering to the deadlines set under applicable laws regarding the preparation and circulation of these documents, until the company achieves listing status.