Everyday News

SECP to introduce digital AMCs

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) stated on Monday that it plans to launch digital asset management companies (AMCs) to promote financial inclusion and ease the process of investment. 

invest with imarat

Islamabad’s emerging city centre

Learn More

The regulatory agency has published a related concept paper on its website for public information, according to which digital AMCs have the potential to promote investment by reducing paperwork, providing remote services and leveraging customer data efficiently.  

These companies will offer the full range of AMC services, including launching collective investment schemes (CIS), online account opening, issuing and redemption of units and inter CIS conversions through digital means, where the investor is not required anymore to visit any distribution point in person. 

The concept note also describes the different challenges faced by brick-and-mortar AMCs, possible benefits of digital AMCs in Pakistan, primary goals of the development of digital AMCs, and significant regulatory challenges. It also outlines a framework that can address the identified gaps. 

The SECP is also preparing to test the digital AMC model in a sandbox testing environment. 

Currently, there are 21 AMCs in Pakistan, managing assets with a total value of Rs1.2 trillion. 

Minaal Shamimi

As an editor and writer, Minaal recognises the importance of a well-crafted and compelling narrative. With several years of experience and a thorough understanding of SEO practices, her focus is on producing content that can provide different perspectives and create real value.

Recent Posts

Baghbanpura Bazar: A Historic Market in Lahore

Lahore, known as Pakistan's cultural and historic heart, is home to numerous ancient sites, bustling…

4 hours ago

Garha Mor: A Notable Landmark in Vehari City

Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…

1 day ago

Aslam Market Wah Cantt: Pleasure of Shopping & Dinning

Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…

3 days ago

Abid Market Lahore: An Iconic Shopping Landmark

Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…

3 days ago

CDA Chairman Urges Rapid Completion of Major Islamabad Interchanges

ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…

3 days ago

IMARAT Announces Launch of Pakistan’s Largest Sharia-Compliant REIT – A New Era of Real Estate Investment

Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…

4 days ago