Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has established a committee aimed at revising the current account opening procedures within the capital markets. The initiative is focused on identifying existing challenges and recommending improvements to streamline the process, making it more efficient and accessible for customers.

The committee’s mandate includes a thorough review of the entire account opening process, pinpointing any obstacles, and suggesting enhancements to both the procedures and regulatory frameworks in place. A significant aspect of the committee’s work will be proposing measures to bolster digital onboarding capabilities, in an effort to simplify and rationalize the process.

Comprising representatives from SECP, Pakistan Stock Exchange, National Clearing Company of Pakistan, Central Depository Company, Pakistan Stock Brokers Association, and EClear Services Limited, the committee brings together a diverse group of stakeholders with expertise in the field.

The committee is expected to finalize its report and present its recommendations to the SECP by August 18, 2025.