close
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

SECP approves digital framework

Business

December 4, 2020

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved a groundbreaking initiative to enable all Pakistani resident and non-resident investors to open online accounts in the capital market, a statement said on Thursday.

The new regime, that is part of the SECP’s digital transformation agenda, allows investors to seamlessly open his or her account with a broker from anywhere in the country without requiring to submit any documents physically or visit a broker.

The new hassle-free process would enables investors to commence trading swiftly, it said.

However, to ensure maximum investor protection, an alternative online customer verification process has been introduced for opening of online accounts.