Beruflich Dokumente
Kultur Dokumente
REGISTERED No.
L.-7646
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EXTRAORDINARY
PUBLISHED BY AUTHORITY
PART II
CABINET SECRETARIAT
(Cabinet Division)
NOTIFICATION
(2015)
[857(2015)Ex.Gaz-II]
2016 THE GAZETTE OF PAKISTAN, EXTRA., JUNE 5, 2015 [PART II
(f) "market design" means the arrangements and stages for the
transition of power market to a competitive regime as per
Schedule—I, or as specified by the Authority from time to time;
(2) The words and expressions used but not defined in these rules shall
have the same meaning as are assigned to them in the Act.
(10) As soon as may be, but not later than fourteen days of the date of
filing of the application, it shall be placed before the Authority for admission and
in case the Authority admits the application, it may if required, give such orders
and directions for the service of notices to —
(a) the parties which in the opinion of the Authority are likely to be
affected or interested; and
(11) The Authority shall also publish for information of general public
the title and brief description of the application in one or more newspapers
having wide circulation.
(a) the applicant is eligible for acting as the market operator and has
the capacity to undertake and conduct the market operations; and
the commercial code to the Authority for its approval and thereafter notification
by the Authority in the official Gazette.
(2) The Authority shall, on receipt of payment of renewal fee and after
making such inquiries and after obtaining further information, as it may consider
necessary, within thirty days of the receipt of the application, renew the
registration of the market operator.
(c) names of the senior management staff of the market operator with
their respective qualifications and experience;
(d) names of the market participants defaulting during the year along
with nature and amounts of default;
2022 THE GAZETTE OF PAKISTAN, EXTRA., JUNE 5, 2015 [PART II
(e) action taken against the market participants for non compliance of
the commercial code, if any;
(c) submit to the system operator and the market operator the
information requests pursuant to provisions of these rules, the grid
code and the commercial code; and
(d) pay the market operation fee as per commercial code and such
other charges as specified by the Authority.
(e) any such disclosure which may be required under the law.
12. Power to call for information.— The Authority may, at any time,
by notice in writing require any director, officer and member of the market
operator and the market participant, generally or in particular to furnish it within
the time specified therein or such further time as the Authority may allow, with
2024 THE GAZETTE OF PAKISTAN, EXTRA., JUNE 5, 2015 [PAR] II
14. Accounting practices and audit.— (1) Subject to the terms of the
registration, the market operator shall prepare and submit the audited accounts in
respect of its market operations, in accordance with the rules and regulatirm ,
the Authority, provided that the Authority may, pending the making of the
and regulations of the Authority, require the market operator to prepare
accounts in respect of each of the foregoing businesses in accordance ! he
provisions of the Fifth Schedule to the Companies Ordinance, 1984 (XI Il of
1984), and to submit such accounts, duly audited in accordance with the
provisions of that Ordinance in respect of each financial year not later than six
months following the close of the financial year.
(a) maintain and preserve the books of account and accounting records
in respect of each financial year for the time specified in the rules
and regulations of the Authority or as per term and conditions of
registration; and
(2) All records and data referred to in sub-rule (1) shall, unless
provided otherwise under any law or the applicable documents, be maintained in
good order and condition for a period of five years after the creation of such
record or data, provided that the market operator shall not destroy or dispose of
any such record or data after the period aforesaid without thirty days prior
notice, in writing, to the Authority and the market operator shall not dispose of
or destroy any record or data which the Authority directs the market operator to
preserve.
(3) The Authority may, upon forty-eight hours prior notice, in writing,
to the market operator, enter any premises of the market operator where the
record and data referred to in sub-rule (1) are kept for the examination or the
taking of copies thereof during office hours.
Annexure
Schedule — I
Schedule — II
(Market Operations)
FORM I
Market Operator
Dated:
Place: ISLAMABAD
By order Sd/-
MUHAMMAD ASHFAQ,
Deputy Secretary.