SECP steps in to smooth PSX account opening

June 18, 2025 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has constituted a committee to evaluate the existing account opening process with intermediaries in the capital markets and identify pain points.

To address these issues, the committee will recommend improvements to the current processes and the regulatory framework, aiming to make the account opening procedure more time-efficient and customer-friendly.

As part of its mandate, the committee will review the end-to-end account opening process, pinpoint bottlenecks, and suggest enhancements in the operational and regulatory landscape.

In addition, with a view to simplifying and rationalizing the process, the committee will propose measures to boost digital onboarding capabilities, as per the press release issued today.

The committee will comprise representatives from the 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 is scheduled to be submitted to SECP by August 18, 2025.