On 2 October 2018, the Pakistan Securities and Exchange Commission issued Notification SRO 1194 (I)/2018 on the Companies (Related Party Transactions and Maintenance of Related Records) Regulations, 2018. The regulations are in relation to the Companies Act 2017 and set out the requirement for a company's board of directors to approve a policy on related-party transactions that includes the following:
- Minimum information required for the related parties with whom transactions are to be made…