The Securities and Exchange Commission of Pakistan (SECP) has established a dedicated committee to evaluate and enhance the account opening process with intermediaries in the capital markets. The initiative aims to identify existing challenges, streamline procedures, and recommend regulatory reforms to make the process more efficient and customer-centric.
The committee is tasked with conducting a comprehensive review of the end-to-end account opening workflow, identifying bottlenecks, and proposing actionable improvements to both procedures and the regulatory framework. A key focus of the initiative is to simplify and rationalize the process while advancing digital onboarding capabilities to improve accessibility and convenience for investors.
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Representatives from major stakeholders will form part of the committee, including SECP, the Pakistan Stock Exchange, National Clearing Company of Pakistan, Central Depository Company, Pakistan Stock Brokers Association, and EClear Services Limited.
The committee is expected to submit its final report to the SECP by August 18, 2025.
