What are the requirements for provision of UBO information to regulatory authorities?

Circular no. 16 of 2018 specifies the following requirements for provision of information to regulatory authorities or agencies:

• SECP may require the information from a company or a class or classes of companies relating to its/their ultimate beneficial owners or changes thereto within such time period as specified in the notice.
• Companies shall also provide this information to any other authority or agency of the Government pursuant to the powers to call for information entrusted by law to such authority or agency.
• Each company shall authorize its chief executive officer or one of its directors to provide the requisite information to the concerned authorities, and provide further assistance as may be needed.