SECP Reduces Fees to Cut Down Cost of Doing Business in Pakistan

The Securities and Exchange Commission of Pakistan (SECP) has reduced fees for various regulated activities including renewal of licenses of Private Fund Management Company, Real Estate Investment Trust-Management Companies (RMCs), Non-Banking Finance Companies, and Non-Bank Micro Finance Companies.

This step has been taken in order to reduce the cost of doing business in the corporate sector.

The SECP issued three notifications here on Thursday.

According to SRO  270 (I)/2020, on the direction of the Securities and Exchange Policy Board, the SECP has made amendments in the Non-Banking Finance Companies and Notified Entities Regulations, 2008.

  • The fee for an application for permission to form an NBFC has been fixed at Rs. 250,000;
  • Fee application for a license to undertake or carry out an activity or function has been reduced to Rs. 500,000 and nil fee for the application for renewal of a license to carry out an activity or function provided that Non-Bank Micro Finance Companies shall pay the following fee amounts: The fee for the application for permission to form an NBFC has been reduced to Rs. 125,000; fee application for a license to undertake or carry out an activity or function has been reduced to Rs. 250,000 and nil fee for the application for renewal of the license to carry out an activity or function.
  • The fee for the application for registration of an Open-End Scheme or Closed-End Scheme has been fixed at Rs. 500,000 and fee for the application for certificate of registration to act as a trustee has been fixed at Rs. 500,000.Under SRO 271 (I)/2020, on direction of the Securities and Exchange Policy Board, the SECP has amended Real Estate Investment Trust Regulations, 2015.


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