SECP released the guidelines on cyber-security framework for Insurance sector, 2020 which stipulates various risk management initiatives to ensure safe and robust information technology systems of insurance firms. The Commission has launched financial reporting requirements for life insurance companies carrying on window Takaful operations under the Takaful rules, 2012. The Requirements are aimed at rising transparency and clarity regarding the Takaful operation of the family Takaful operators. The Commission has taken up the issue of imposition of sales tax on life and health insurance with the provincial revenue authorities. The Commission has implemented phased expansion of applicable circuit breakers on individual scrips from existing 5 percent to 7.5 percent for enhancing price discovery and enabling easy exit from the market for the investors.