Circular No. 06 of 2023 Centralized Digital Onboarding Mechanism for All Asset Classes

The Securities and Exchange Commission of Pakistan mandates specified regulated intermediaries, including securities and futures brokers, asset management companies, insurance companies, and advisors, to establish connectivity with the Central Depository Company of Pakistan’s Centralized Gateway Portal for the digital onboarding of individual resident customers. This directive requires intermediaries to share standardized customer information and documents with the portal subject to prior customer consent and to align their account opening forms with the prescribed fields within three months. Additionally, intermediaries must review and respond to applications within a maximum turnaround time of three working days and comply with existing anti-money laundering regulations.

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Securities and Exchange Commission of Pakistan

Securities Market Division

Policy, Regulation and Development Department

No. SMD/SE/2(316)/2021
Dated: April 19, 2023

Circular no. 06 of 2023

Subject: Centralized Digital Onboarding Mechanism for all Asset Classes

The Securities and Exchange Commission of Pakistan (SECP) in exercise of its powers conferred under Section 40B of the Securities and Exchange Commission of Pakistan Act, 1997 (SECP Act) and section 282B of the Companies Ordinance, 1984 is pleased to issue this circular applicable on specified SECP regulated entities i.e. Securities Brokers, Futures Brokers, Asset Management Companies & Insurance Companies and their distribution agents, Securities & Futures Advisors and Investment Advisors (collectively referred as specified regulated intermediaries), for digital onboarding of their customers.

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Lineage: Superseded

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Timeline

Amended 1 time · last 2026-08-25

2026-08-25SECPConsolidated Framework for Investor Onboarding – SECP Regulated Personssupersedes

Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works