SECP aims to liberalize Non-Bank financial sector through promoting self-regulation

ISLAMABAD: In pursuance of its reforms agenda for reforming the non-bank financial services, the Securities and Exchange Commission of Pakistan (SECP) has issued draft Self-Regulatory Organizations (Registration) Regulations, 2021 for soliciting public comments. These transformational regulations, being introduced for the first time under the SECP Act 1997, are intended to… Continue reading

SECP forms body to work out plan for development of private pension market

ISLAMABAD: While gearing up its efforts to develop private pension and annuity market in Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has formed a Pension and Annuity Working Group (PAWG). The Group, having representation of the regulator, Asset Management Companies (AMCs), life insurance companies and the actuarial profession… Continue reading

SECP Takes a Giant “LEAP” to Promote Ease of Doing Business

ISLAMABAD: End to end automation of services through use of modern technology is the top priority on SECP’s reform agenda. Launch of electronic certificate of incorporation is another step in this direction to make the company incorporation process fully electronic and hassle free. This development is in line with corporate… Continue reading

SECP allows digital accounts opening for mutual fund investors

ISLAMABAD: As part of its efforts to usher in a new era of smart investments, the Securities and Exchange Commission of Pakistan (SECP), has introduced the digital onboarding   mechanism for investors of the Asset Management Companies (AMCs). In this respect, SECP has issued Circular No 35 of 2020 and placed… Continue reading

SECP warns public against investing in fake investment entities

ISLAMABAD: To safeguard the hard earnings and interests of general public, the Securities and Exchange Commission of Pakistan (SECP) has issued public warning to refrain from investing in any fraudulent investment schemes that promise hefty profits and unrealistic incentives. The SECP further clarifies that merely, the registration of a company… Continue reading

SECP to promote alternate financing solutions

ISLAMABAD, December 23: The Securities and Exchange Commission of Pakistan (SECP), in pursuance of its reforms agenda to support and encourage Fintech revolution in the country, has granted approval for launch of Pakistan’s first Peer-to-Peer (P2P) Lending Platform. Finja, venture capital backed fintech secured the approval under the first cohort… Continue reading

Need to rehabilitate sick companies highlighted

ISLAMABAD: Given the stress caused on businesses and the resulting challenges, the Securities and Exchange Commission of Pakistan (SECP) organized a Webinar on Corporate Rehabilitation Act, 2018 (CRA) and the Corporate Restructuring Companies Act, 2016 (CRC Act) to create awareness about corporate insolvency laws. Honorable Justice Jawad Hassan, Commercial &… Continue reading

SECP establishes first ever Business Centre for swift incorporation of Companies

ISLAMABAD: While rigorously pursuing its objective of providing ease of doing business, the Securities and Exchange Commission of Pakistan (SECP) has established its first ever Business Centre for swift incorporation of companies and to respond investor’s requests for information and queries instantly. The Business Centre is located at NICL Building… Continue reading

SECP registers 1,956 new companies in November

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered 1,956 new companies in November 2020, indicating an increase of 41 % as compared to corresponding period last year. Around 71 percent companies were registered as private limited companies and 26 percent were registered as single member companies. Three… Continue reading

SECP unveils Corporate Insurance Agents Regulations

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), to strengthen the regulatory regime for distribution of insurance through corporate insurance agents, including bancassurance has notified the Corporate Insurance Agents Regulations, 2020. The regulations also include code of conduct for corporate insurance agents of insurance companies to clearly define their… Continue reading

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