BUSINESS

SECP holds Workshop for Promotion of Digital Insurance

ISLAMABAD – The Securities and Exchange Commission of Pakistan (SECP), to explore opportunities and challenges in the digitization of insurance business, organized a workshop on “Promotion of Digital Insurance – Opportunities, Challenges and Way Forward”. The workshop was aimed at encouraging stakeholders to utilize platform of Regulatory Sandbox for introducing innovation. The SECP Commissioner (Insurance) […]

BUSINESS

Misleading Opinions Inducing General Public for Stock Trading

KARACHI – The Securities and Exchange Commission of Pakistan (SECP) has observed that some capital market individuals are using the print/electronic/social media for giving their views/ opinions to induce the general public to trade on the stock exchange. These persons are neither qualified nor possess the requisite expertise/skill to furnish such opinions. As these views […]

BUSINESS

SECP issues revised AML/CFT Guidelines for NPOs

The Securities and Exchange Commission of Pakistan (SECP) has issued revised and more elaborative Anti Money Laundering and Counter Financial Terrorism (AML/CFT) Guidelines for Non-Profit Organizations (NPOs). The new guidelines explicitly highlight the consequences of money laundering, terrorist financing, predicate crimes and other abuses on the NPO sector. The AML/CFT guidelines for NPOs, firstly issued […]

BUSINESS

SECP organizes series of workshops on AML/CFT risk-based approach

The Securities and Exchange Commission of Pakistan (SECP), in collaboration with United Nations Office on Drugs and Crime (UNODC), conducted series of workshops for SECP regulated financial institutions to enhance understanding of the risk-based approach to prevent money laundering and terror financing. See Also https://theazb.com/secp-engages-industry-on-its-digital-transformation-journey/ This initiative was part of the overall SECP AML/CFT capacity […]

BUSINESS

SECP engages industry on its Digital Transformation journey

The Securities and Exchange Commission of Pakistan (SECP) held Design Thinking Workshop in Lahore as part of it’s Digital Transformation journey called LEAP. The workshop was conducted in collaboration with Oracle. Leading Efficiency through Automation Prowess (LEAP) is the SECP’s project for end-to-end process automation and digital transformation. Design thinking is a problem-solving framework that […]

BUSINESS

SECP cracks down on companies involved in illegal/unauthorized activities

KARACHI – The Securities and Exchange Commission of Pakistan (SECP), to safeguard interests of the common public has initiated winding up proceedings against 6 companies, allegedly involved in illegal and unauthorized business activities. These companies are M/s Memon Corporation (Private) Limited, M/s Pak Memon Impex (Private) Limited, M/s Neamat Ullaha & Amjad Javed and Company (Private) Limited, M/s Corporate Automobiles (Private) Limited […]

BUSINESS

SECP registers 96% companies online in September

KARACHI – Digital solutions deployed by the Securities and Exchange Commission of Pakistan (SECP) made companies registration and post-incorporation compliance simple, faster and cost-effective. In September 2019, 96 % of companies registered online through SECP’s eService and 50% of companies incorporated the same day. Most importantly, 85 foreign applicants completed the registration of companies from […]

BUSINESS

SECP reduces regulatory tariffs to make capital market more competitive investment avenue

ISLAMABAD – The Securities and Exchange Commission of Pakistan (SECP), in view to foster capital market development and broadening investor base, has approved revision in tariff structures of National Clearing Company of Pakistan Limited (NCCPL) and Central Depository Company of Pakistan Limited (CDC). The reduction in regulatory charges will further minimize the investor related costs […]

BUSINESS

Aamir Khan become SECP Chairman, Notification issue

The federal government here on Friday issued a notification, appointing Mr. Aamir Khan as Chairman of the Securities and Exchange Commission of Pakistan (SECP) with immediate effect. The federal cabinet, earlier in its meeting held on August 9, 2019 had approved his appointment as the Chairman. Mr. Khan possesses extensive and diversified experience spreading over […]

BUSINESS

SECP embarks on digital transformation, launches LEAP

The Chairman, Securities and Exchange Commission of Pakistan (SECP), Farrukh Sabzwari, has said that SECP is embarking on digital transformation, end-to-end process automation and enabling user environment for all its regulatees. The SECP’s project for end-to-end digital transformation and automation is called “Leading Efficiency through Automation Prowess (LEAP). Sabazwari said the SECP’s digital transformation would improve […]