The Securities and Exchange Commission of Pakistan (SECP) has constituted a committee to evaluate the existing account opening process with the intermediaries in capital markets, identify pain points, recommend improvements in existing processes and regulatory framework to make the account opening process more time efficient and customer-friendly.
The committee will review the end-to-end account opening process, identify bottlenecks, propose improvements in the existing processes and regulatory frameworks.
With a view to simplify and rationalize the account opening process, the committee will also propose steps needed to enhance digital onboarding capabilities.
The committee will include representatives from SECP, Pakistan Stock Exchange, National Clearing Company of Pakistan, Central Depository Company, Pakistan Stock Brokers Association, and EClear Services Limited. The final report of the committee will be submitted to SECP by August 18, 2025.
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Will they also consider hiccups in onboarding process for new entrants where fingerprinting process is marred for senior citizens for the lack of clear thumb and finger prints and via media to suggest a go around this issue