ISLAMABAD (APP) - The Lahore Stock Exchange (LSE) has informed the Competition Commission of Pakistan (CCP) that it has initiated the process of amending the requisite regulations in the LSEs Listing Regulations, as recommended by CCP in its Policy Note issued to the Securities and Exchange Commission of Pakistan (SECP). According to statement issued here on Friday the CCP had issued a policy note to SECP on July 12, 2010 recommending revocation of amendments made to the Karachi Stock Exchange (KSE) Listing Regulations on June 22, 2010. The proposed amendment which had been forwarded for gazette notification includes a clause requiring directors of all listed companies to get a certification of The Board Development Programme, offered by the Pakistan Institute of Corporate Governance (PICG) at a cost of Rs. 200,000 per director. If approved, the amendment could lead to the creation of a monopoly position of PICG, by recognizing its certification only.