The Securities and Exchange Commission of Pakistan (SECP) is considering a significant overhaul of its regulatory framework for Registered Intermediaries (RIs), proposing to eliminate periodic renewal requirements in favor of a new system based on mandatory training and continuous evaluation.
According to the commission information today, the proposal was a central topic at a consultative session the regulator held with stakeholders to gather feedback on the proposed “Framework for Registered Intermediaries.”
The intended reforms aim to elevate compliance standards and bolster the procedural capabilities of financial intermediaries. The new structure, which replaces cyclical renewals with a continuous learning and assessment mechanism, is designed to improve the overall effectiveness of RIs and foster superior service delivery.
During the meeting, participants were also briefed on expanded access to the SECP’s Financial Institutions Portal. This digital platform provides for the instant and cost-effective verification of company profiles and essential corporate records.
This technological advancement is part of the SECP”s wider digitalization and ease-of-doing-business agenda, which seeks to improve efficiency, transparency, and stakeholder facilitation.
The regulatory body reaffirmed its commitment to stakeholder engagement and pursuing reforms that support a robust, transparent, and well-governed corporate and financial sector.