A high -level meeting with the Chief Executive of the Securities and Exchange Commission of Pakistan (SECP) Chairperson Hero Capital Market Infrastructure (CMI), which includes the Pakistan Stock Exchange (PSX), the Central Depository Company (CDC), and the National Clearing Company (CDC).
The meeting was attended by the CEO of PSX and NCCP, and the Chief Operating Officer of the CDC. The focus of this debate was to smooth the opening process in the markets of the capital of Pakistan to enhance investors’ experience and access.
The Chairperson called for an investor -based approach, urging the CMI to prefer the user’s experience and explain the clear closing round for the account opening process. He advised CMII to review the current procedures, identify paint points, and implement improvements to make this process faster, more efficient, cost efficient, transparent and user -friendly. The PSX was advised to cooperate with other CMIIs and other stakeholders to set up a clear roadmap with a specific milestone to achieve the simplicity, sharp and smooth account opening process.
The move is in line with the ongoing efforts to modernize the SECP investors’ infrastructure and promote the Digital Digital Unmarried digital to facilitate investors. Roadmap will include viable steps to tackle obstacles, enhance digital capabilities, and ensure timely effective process.
The SECP is committed to promoting a strong and comprehensive capital market environmental system that empowers investors and supports economic growth in Pakistan.