Regulatory Alerts2026-01-21
Added · Updated
Regulatory Framework for Account Opening by Asset Management Companies
Asset Management Companies are authorized to directly open Sehl Sarmayakari Accounts for Pakistani Individual Customers through digital platforms or physical forms under simplified due diligence. This authorization requires AMCs to collect specific identification and contact details, verify identity via NADRA and OTP, and screen customers against sanctions regimes. AMCs must ensure investment and transaction limits comply with existing Sehl Account specifications and apply AML/CFT regulations mutatis mutandis to these accounts.