RegAlert2025-08-12
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Circular No. 22 of 2025 Digital AMC
The Securities and Exchange Commission of Pakistan mandates pre-qualification requirements for Digital Asset Management Companies and other Asset Management Companies utilizing digital platforms to obtain No Objection Certificates from trustees. These requirements enforce strict cybersecurity controls, including secure access management, network perimeter protection, data encryption, and incident response protocols, alongside mandatory cybercrime insurance. Specific obligations for smartphone applications include multi-factor authentication, session timeouts not exceeding thirty minutes, PII storage within Pakistan, and adherence to detailed mobile app security standards in Annexure A.
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SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
SPECIALIZED COMPANIES DIVISION
FUND MANAGEMENT DEPARTMENT
No. SCD/PRDD/CIRCULAR/74/2025
August 01, 2025
Circular No. 22 of 2025
Subject: Pre-Qualification, Compliance and Reporting Requirements for Digital Platforms by Digital Asset Management Companies
The Securities and Exchange Commission of Pakistan (the “Commission”) in exercise of its powers conferred under Section 282B(3) of the Companies Ordinance, 1984 (XLVII of 1984) read with provisions of Regulation 67AL(a)(ii) of the Non-Banking Finance Companies and Notified Entities Regulations, 2008 (the “NBFC Regulations”) hereby specifies the following pre-qualification requirements for Digital Asset Management Company (Digital AMC) for seeking NOC from respective trustees.
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Lineage: In force
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
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SECP published 3 documents in the last 30 days. We email you each new one the day it's published.