SECP introduces unified framework for 'faster and easier' entry into Pakistan's capital market
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced a unified digital investor onboarding framework to make entry into Pakistan’s capital market “faster and easier by reducing repetitive verification, simplifying documentation and setting clear timelines for opening investor accounts”. The framework aims particularly to facilitate first-time and digital investors,…
Pakistan's Securities and Exchange Commission (SECP) has unveiled a streamlined digital investor onboarding system designed to simplify the process of entering the country's capital market. By cutting down on redundant verifications, streamlining documentation, and establishing clear timelines, the new framework aims to make opening investor accounts quicker and more accessible.
The SECP's initiative targets first-time investors and those utilizing digital services, with specific timelines set for Sehl/Sahulat accounts (one working day) and Normal Accounts (two working days). Upon submission, applicants receive unique tracking IDs, while any deficiencies are communicated promptly, along with the reasons for any potential rejections.
This move is part of the SECP's broader strategy to boost retail investment, especially among younger Pakistanis, and to expand the nation's investor base in the capital market to reach 2.5 million. Speaking on the initiative, SECP Chairman Kabir Ahmed Sidhu emphasized the importance of removing barriers and leveraging technology to make the investor journey more straightforward, rapid, and inclusive.
The new framework, outlined in Circular No. 19 of 2026, unifies onboarding requirements for securities brokers, asset management firms, insurers, and other regulated entities, ensuring a more uniform investor experience across the regulated financial sector. A standout aspect of the system is the removal of redundant customer verifications; where applicable, intermediaries can rely on pre-approved verifications from authorized financial institutions or third parties, thereby eliminating the need for clients to repeat the process.
Additionally, the framework facilitates API-based straight-through processing and digital onboarding, including immediate issuance of Unique Investment Numbers (UINs) and the opening of Comprehensive Customer Deposit (CDC) sub-accounts, thereby minimizing paperwork and manual intervention in the account opening process.
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