The Chairperson of the Securities and Exchange Commission of Pakistan (SECP) held a high-level meeting with the chief executives of Capital Market Infrastructure Institutions (CMIIs), including the Pakistan Stock Exchange (PSX), the Central Depository Company (CDC), and the National Clearing Company of Pakistan (NCCPL), to discuss reforms for streamlining the account opening process in Pakistan’s capital markets.
The meeting was attended by the CEOs of PSX and NCCPL, along with the Chief Operating Officer of CDC. Discussions centered on making the account opening process more efficient, transparent, and investor-friendly to improve accessibility and encourage wider participation in the country’s capital markets.
During the session, the SECP Chairperson stressed the need for an investor-centric approach, urging CMIIs to focus on user experience and to define clear goals for simplifying account opening. The Chairperson advised market institutions to evaluate existing procedures, identify bottlenecks, and implement reforms to make the process quicker, more cost-effective, and transparent.
The PSX was tasked with leading the effort, collaborating with CDC, NCCPL, and other relevant stakeholders to prepare a comprehensive roadmap with milestones for introducing a smooth, simplified account opening framework.
This initiative is part of SECP’s broader agenda to modernize capital market infrastructure, strengthen digital onboarding, and promote investor participation. The proposed roadmap will emphasize actionable reforms, including the adoption of digital solutions, improved coordination between institutions, and time-efficient processes designed to attract both domestic and foreign investors.
By pushing for simplified access to capital markets, SECP aims to create a more inclusive and transparent financial ecosystem that not only empowers investors but also strengthens confidence in Pakistan’s securities market and supports sustainable economic growth.
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