The Securities and Exchange Commission of Pakistan (SECP) is the corporate legislative and financial regulatory agency responsible for regulating the securities market, insurance companies, and private pension schemes in Pakistan.
Key Objectives of SECP
– Develop a modern and efficient corporate sector
– Establish a capital market based on sound authority principles
– Encourage investment and foster economic growth and prosperity in Pakistan .
History of SECP
The SECP was established in 1999, replacing the Corporate Law Authority. Its scope has since expanded to include the insurance sector, non-banking financial companies, and pension funds.
Services of SECP
The SECP offers various services, including company registration, e-filing, and online payment systems. They also provide guidelines and user guides for companies to file statutory returns and comply with regulatory requirements.
Divisions of SECP
The SECP is divided into several divisions, including:
– Adjudication Division
– Licensing and Registration Division
– Insurance Division
– Legal Affairs Division
– Securities Market Division
– Specialized Companies Division
– Supervision Division
– Support Services Division
