Regulatory Alerts2023-08-17
Added · Updated
Non-Banking Finance Companies and Notified Entities Regulations, 2008
The Securities and Exchange Commission of Pakistan establishes the regulatory framework for Non-Banking Finance Companies and Notified Entities, defining key terms such as Borrower, Collective Investment Scheme, and Digital Lending. The regulations specify licensing requirements for entities providing leasing, investment finance, housing finance, asset management, and micro-financing services. It outlines the scope of business activities, including the introduction of P2P lending services and digital fund management, while setting definitions for contingent liabilities, exposure, and liquid assets to govern compliance and risk management.