SECP launches unified digital framework for easier stock market investment
At a glance
- SECP has launched a new digital system for investors.
- Account opening times are now set at one or two working days.
- The system aims to attract 2.5 million investors, with a focus on youth.
Story so far
The Securities and Exchange Commission of Pakistan (SECP) has launched a unified digital investor onboarding framework to simplify entry into the country's capital market. The system aims to reduce repetitive verification and documentation, with set processing times of one working day for a Sahulat Account and two for a standard Investor Account. Investors can track their applications online. The initiative is part of a broader strategy to expand Pakistan's investor base to 2.5 million, with a particular focus on attracting young people.
Latest development
The SECP has clarified that the new framework standardises requirements across brokers, asset managers, and insurers. It also enables API-based processing for instant UIN issuance and the opening of CDC sub-accounts, reducing manual paperwork.
Latest updates
The framework standardises onboarding requirements across securities brokers, asset management companies, insurers, and other regulated intermediaries, creating a more consistent investor experience. It also enables API-based straight-through processing and digital onboarding, which includes instant Unique Identification Number (UIN) issuance and the opening of Central Depository Company (CDC) sub-accounts, further reducing paperwork and manual intervention.
Latest Fact Checks
SECP starts unified digital investor onboarding framework
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