Regulatory Alerts2026-01-30
Added · Updated
Broker Fiduciary Rating Assessment Framework
The Pakistan Credit Rating Agency (PACRA) has established a comprehensive assessment framework to assign Broker Fiduciary Ratings (BFR1–BFR5) to licensed securities and futures brokers in Pakistan. The methodology evaluates seven core criteria—profile, ownership, governance, management and client services, internal controls, business sustainability, and financial sustainability—by weighting qualitative factors alongside quantitative metrics. Mandated by the Securities and Exchange Commission of Pakistan for trading and self-clearing brokers, this framework standardizes operational quality assessments across traditional and online-only brokerage models.
Share