SECP issues tailored guidelines for NBFC operations

News Image

By MG News | Category Economy | May 17, 2025 at 02:04 PM GMT+05:00

0:00

May 17, 2025 (MLN): In a move to facilitate stakeholders and enhance regulatory clarity and operational convenience, the Securities and Exchange Commission of Pakistan (SECP) has issued tailored checklists for each type of business conducted by Non-Banking Finance Companies (NBFCs).

This initiative underscores SECP’s ongoing commitment to improving regulatory efficiency, ensuring effectiveness, and promoting ease of doing business in the non-bank financial sector, according to the press release.

Aligned with international best practices, the newly developed checklists provide clear, structured guidance to sponsors, applicants, and existing license holders for fulfilling applicable legal and procedural requirements across various NBFC business lines.

These include Asset Management Services, Investment Finance Services, Leasing, Housing Finance, Microfinance, Discounting Services, Venture Capital and Private Equity, Non-Bank Microfinance Institutions, and REIT Management Services.

By streamlining documentation and process requirements for each business type, these checklists will help stakeholders better understand regulatory expectations, thereby reducing processing time, eliminating ambiguity, and strengthening compliance.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 121,641.00
407.56M
-0.13%
-157.87
ALLSHR 75,951.71
854.04M
-0.10%
-76.82
KSE30 36,827.89
67.82M
-0.42%
-156.03
KMI30 181,199.42
117.76M
-0.38%
-696.40
KMIALLSHR 52,088.08
592.55M
-0.27%
-143.41
BKTi 29,808.04
22.21M
-0.83%
-249.97
OGTi 27,075.99
4.68M
-0.75%
-203.95
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 105,060.00 105,945.00
101,390.00
2845.00
2.78%
BRENT CRUDE 66.65 66.67
64.80
1.31
2.00%
RICHARDS BAY COAL MONTHLY 90.00 90.75
90.00
0.00
0.00%
ROTTERDAM COAL MONTHLY 101.80 102.40
101.00
1.25
1.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.77 64.80
62.82
1.40
2.21%
SUGAR #11 WORLD 16.51 16.59
16.32
-0.06
-0.36%

Chart of the Day


Latest News
June 05, 2025 at 10:09 PM GMT+05:00

Trump, Xi speak on trade, agree to ongoing talks


June 05, 2025 at 09:29 PM GMT+05:00

SBP revises regulations to support SMEs



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg