SECP, Techlogix, Ernst & Young unveil digitization plans at thematic workshop

May 17, 2024 (MLN): To kick off the second phase of digitization, the Securities And Exchange Commission of Pakistan (SECP), in partnership with Techlogix Pakistan and Ernst & Young, hosted a thematic workshop yesterday to showcase suggested solutions and solicit feedback.

Phase 2A of LEAP focuses on licensing and regulatory approvals, starting with insurance and expanding to NBFCs, securities markets, and Section 42 companies. In the first phase, the SECP launched eZfile, an advanced online portal for company registration and filings.

Speaking at the workshop, SECP Chairman Akif Saeed pledged to enhance business ease, regulatory facilitation, and customer experience, while maintaining transparency and accountability in all regulatory processes.

Aamir Khan, Commissioner of Information Systems & Technology, said that SECP is enhancing its systems and resources to adopt the latest technology stacks and prioritize customer-centricity.

Participants from SECP, CDC, mutual funds, brokers, surveyors, and other regulated entities provided feedback on digital solutions and prototypes for regulatory approvals and licenses.

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