SECP forms a Committee to streamline the account opening process in capital markets

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Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has constituted a Committee to evaluate the existing account opening process with the intermediaries in capital markets, identify pain points, recommend improvements in existing processes and regulatory framework to make the account opening process more time efficient and customer-friendly. The Committee will review the end-to-end account opening process, identify bottlenecks, propose improvements in the existing processes and regulatory frameworks. With a view to simplify and rationalize the account opening process, the Committee will also propose steps needed to enhance digital onboarding capabilities. APP