SECP allows digital accounts opening for mutual fund investors in country

By MG News | January 04, 2021 at 06:27 PM GMT+05:00

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January 4, 2021: Securities and Exchange Commission of Pakistan (SECP) has allowed digital accounts opening for mutual fund investors in the country.

According to a press release issued by SECP, the commission has also introduced the digital onboarding mechanism for investors of the Asset Management Companies.

The Digital Onboarding mechanism is now allowed to conduct an online Customer Verification process for opening of online accounts to ensure investor protection and compliance with all the applicable relevant legal and regulatory framework.

Radio Pakistan

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