NCCPL extends KYC registration deadline to June 30, 2024

MG News | April 02, 2024 at 10:23 AM GMT+05:00

0:00

April 02, 2024 (MLN): Considering the significant number of investors who have not yet registered in the KYC regime, the National Clearing Company of Pakistan Limited (NCCPL) has further extended the timeline for registration in the KYC Database until June 30, 2024.

“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.

NCCPL has also initiated the validation of Customer Credentials.

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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