ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has launched a digital Ultimate Beneficial Ownership (UBO) Registry to strengthen transparency in the corporate sector, improve regulatory oversight, and help prevent the misuse of companies for illegal activities. Under the new system, companies will be required to disclose information about their Ultimate Beneficial Owners (UBOs), the natural persons who ultimately own or control a company, at the time of incorporation and update this information annually to ensure accuracy. The registry has been introduced through amendments notified via S.R.O. 1355(I)/2025 under the Companies Regulations, 2024. These amendments require companies to identify and verify their Ultimate Beneficial Owners in accordance with Section 123A of the Companies Act, 2017. News Desk
