Regulatory Alerts2025-11-27
Added · Updated
Broker Fiduciary Rating
VIS Credit Rating Company Limited has updated its Broker Fiduciary Rating (BFR) methodology to establish mandatory minimum ratings for securities brokerage firms operating under Pakistan’s Securities and Exchange Commission regulations. The framework assigns specific BFR tiers, ranging from BFR 2 to BFR 3++, based on license types and evaluates firms across ownership governance, financial stability, management quality, and regulatory compliance. By utilizing a centralized web portal for continuous data collection and annual reviews, the methodology ensures robust investor protection through rigorous assessment of capital adequacy, risk management, and operational integrity.
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