Regulatory Alerts2026-01-29
Added · Updated
PACRA Broker Management Rating Assessment Framework
The Pakistan Credit Rating Agency (PACRA) established this assessment framework to evaluate licensed securities and futures brokers using a weighted combination of ownership, governance, management, business sustainability, and financial criteria. The methodology assigns one of six rating categories (BMR1A to BMR5) by analyzing board effectiveness, operational automation, risk controls, and shareholder support to determine overall broker quality. Applied to SECP-licensed entities, the framework enables investors and lenders to accurately differentiate brokerage firms based on their management standards, service delivery, and long-term financial resilience.
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