SECP, PSX hold broker compliance webinar

July 04, 2026 (MLN): The Securities and Exchange Commission of Pakistan (SECP), in partnership with the Pakistan Stock Exchange (PSX), organized a webinar aimed at reinforcing transparency, regulatory compliance, and market integrity within Pakistan’s capital market.

The session, titled "Promoting Transparency and Market Integrity: Prudential and AML/CFT Compliances," formed part of the regulator’s broader efforts to enhance governance standards and protect investors by improving compliance among securities brokers.

Senior SECP officials briefed participants on the regulatory responsibilities of securities brokers under the Securities Act, 2015, and the Securities Brokers (Licensing and Operations) Regulations, 2016.

The discussion covered key obligations, including maintaining a valid brokerage license, operating within the approved regulatory framework, safeguarding and segregating clients’ assets, ensuring adequate capital and financial resources, maintaining proper accounting records and audit trails, and implementing effective internal controls, compliance systems, and investor complaint-handling mechanisms.

The webinar also focused on anti-money laundering and countering the financing of terrorism (AML/CFT) requirements.

Participants were guided through the responsibilities of regulated entities under the Anti-Money Laundering Act, 2010, and the AML/CFT/CPF Regulations, 2020, including risk assessments, Know Your Customer (KYC) procedures, Customer Due Diligence (CDD), independent audits, compliance functions, and mandatory reporting obligations.

SECP officials stressed the need for securities brokers to strengthen internal governance by investing in regular staff training, adopting risk-based compliance practices, and implementing robust compliance frameworks.

The session also highlighted the importance of conducting Enhanced Due Diligence (EDD) for high-risk clients, identifying Ultimate Beneficial Owners (UBOs), and filing Currency Transaction Reports (CTR) and Suspicious Transaction Reports (STR) where applicable to meet fiduciary and regulatory requirements.

During the interactive session, PSX officials raised key market-related issues and common misconceptions, while SECP representatives provided regulatory clarifications to help market participants better understand and comply with the applicable framework.

The webinar attracted strong participation from securities brokers, showing the industry's growing focus on regulatory compliance and governance standards.

The SECP reiterated its commitment to organizing similar awareness initiatives to help market participants keep pace with evolving regulatory requirements and promote a stronger culture of compliance across Pakistan's capital market.

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