{"id":416109,"date":"2024-07-03T07:55:20","date_gmt":"2024-07-03T02:55:20","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=416109"},"modified":"2024-07-03T07:55:20","modified_gmt":"2024-07-03T02:55:20","slug":"secp-issues-consultation-paper-on-certifications-of-financial-sector-professionals","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/secp-issues-consultation-paper-on-certifications-of-financial-sector-professionals\/","title":{"rendered":"SECP issues Consultation Paper on Certifications of Financial Sector Professionals"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nThe Securities and Exchange Commission of Pakistan (SECP) issued a concept paper titled \u201cConsultation on Mandatory Certifications and Continuing Professional Education (CPE) Requirements in Financial Services\u201d.<br \/>\nThe paper proposes consolidation of all certification requirements across SECP regulated sectors with the introduction of a comprehensive regulatory framework for training and regulating financial services professionals.<br \/>\nThe concept paper has been made available on the SECP website for soliciting public feedback.<br \/>\nEarlier in 2009, the SECP adopted a mandatory certificate model to enhance the professional competence of financial services professionals and specified the functions and positions in the regulated sector that were required to obtain certifications.<br \/>\nIn that context, the Institute of Financial Markets of Pakistan (IFMP) introduced relevant certifications.<br \/>\nThe SECP believes that an overarching regulatory structure for regulating professionals is the best way forward. The financial services sector is crucial for economic growth and its professionals are expected to meet high professional standards in order to protect investor interests.<br \/>\nThe concept paper also suggests continuing professional education (CPE) to keep professionals updated on industry trends and regulatory changes, thereby promoting a more efficient and effective regulatory environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD The Securities and Exchange Commission of Pakistan (SECP) issued a concept paper titled \u201cConsultation on Mandatory Certifications and Continuing Professional Education (CPE) Requirements in Financial Services\u201d. The paper proposes consolidation of all certification requirements across SECP regulated sectors with the introduction of a comprehensive regulatory framework for training and regulating financial services professionals. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-416109","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SECP issues Consultation Paper on Certifications of Financial Sector Professionals<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/secp-issues-consultation-paper-on-certifications-of-financial-sector-professionals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP issues Consultation Paper on Certifications of Financial Sector Professionals\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD The Securities and Exchange Commission of Pakistan (SECP) issued a concept paper titled \u201cConsultation on Mandatory Certifications and Continuing Professional Education (CPE) Requirements in Financial Services\u201d. 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