January 02, 2024 (MLN): Considering the significant number of investors who have not yet registered in the KYC regime, therefore, timeline for registering existing customers in the KYC Database has been further extended till March 31, 2024, as per the latest notice released by the National Clearing Company of Pakistan Limited (NCCPL).

“In view of the above, all Authorized Investors are hereby advised to complete the KYC process of their customers within the above-stipulated timeline,” the notice reads.

In case of failure to complete the process, the company shall proceed to take necessary action following applicable CKO regulations.

It is reiterated that the CKO has introduced multiple options for customer registration under the CKO regime in the recent past that can be used conveniently to register existing customers in the KYC Database, therefore, diligent efforts should be made to complete the process within the above-prescribed timeline.

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Posted on: 2024-01-02T10:25:14+05:00