(SECP) : AsiaNet-Pakistan

Tag: (SECP)

2.24 million Non-Bank Microfinance borrowers provided relief

July 14, 2020 | English, General, Official News

Islamabad, July 14, 2020 (PPI-OT): As reported on June 30, 2020, the Non-bank Microfinance Companies (NBMFCs) have reschedule loans of worth Rs36billion of total 2,244,605 individuals and microenterprises. The SECP had relaxed the regulatory requirements for non-bank finance sector allowing…

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2.24 million Non-Bank Microfinance borrowers provided relief

July 14, 2020 | English, General, Official News

Islamabad, July 14, 2020 (PPI-OT): As reported on June 30, 2020, the Non-bank Microfinance Companies (NBMFCs) have reschedule loans of worth Rs36billion of total 2,244,605 individuals and microenterprises. The SECP had relaxed the regulatory requirements for non-bank finance sector allowing…

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SECP introduces Professional Clearing Member Regulations

July 6, 2020 | General, Official News

Islamabad, July 06, 2020 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) has issued draft Professional Clearing Members (PCM) Regulations, 2020 for public consultation. Professional clearing members denotes the concept of a third-party independent institution, which will offer custodial…

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SECP strongly condemns terrorist attack at Pakistan Stock Exchange

June 30, 2020 | General, Official News

Islamabad, June 30, 2020 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) strongly condemns the terrorist attack at Pakistan Stock Exchange (PSX) and expresses its grief and sorrow on the loss of precious lives. The SECP and the PSX…

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SECP strongly condemns terrorist attack at Pakistan Stock Exchange

June 30, 2020 | General, Official News

Islamabad, June 30, 2020 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) strongly condemns the terrorist attack at Pakistan Stock Exchange (PSX) and expresses its grief and sorrow on the loss of precious lives. The SECP and the PSX…

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Chairman SECP Aamir Khan unveils NBFI and Modaraba Year Book – 2019

June 26, 2020 | General, Official News

Islamabad, June 26, 2020 (PPI-OT): The Chairman SECP, Aamir Khan, here on Thursday unveils the Non-Banking Financial Institutions (NBFIs) and Modaraba Association of Pakistan Year-Book for 2019. Addressing the virtual launch ceremony, the Chairman SECP remarked that the immense potential…

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SECP extends timeline for AMCs to complete Investor’s Suitability Assessment

June 24, 2020 | General, Official News

Islamabad, June 24, 2020 (PPI-OT): To provide mutual fund industry further relief in fulfilling regulatory compliance requirements during COVID-19 pandemic, the Securities and Exchange Commission of Pakistan (SECP) has extended the timeline for Asset Management Companies (AMCs) to meet investor’s…

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SECP provide relief to borrowers of Non-Bank Microfinance Sector

June 15, 2020 | General, Official News

Islamabad, June 15, 2020 (PPI-OT): The SECP’s permission to non-bank microfinance companies (NBMFCs) to reschedule the loan portfolio not only helped NBFCs to adjust their portfolio at risk but also resulted in extending relief to 932,862 individuals and micro-enterprises who…

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Aimed COVID-19; SECP measures to facilitate Insurers and policyholders

May 11, 2020 | General, Official News

Islamabad, May 11, 2020 (PPI-OT): To facilitate insurance policyholders in current challenging times, the Securities and Exchange Commission (SECP) has asked insurance companies to waive non-mandatory requirements for claims processing. SECP has also advised insurers to use alternative methods for…

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Microfinance industry needs to strengthen resilience and risk management: Aamir Khan

May 6, 2020 | General, Official News

Islamabad, May 06, 2020 (PPI-OT): SECP Chairman, Aamir Khan emphasized that in these challenging times the development of microfinance industry depends upon the resilience and risk management, achieved through quintessential pillars of liquidity-tapped through private capital and technology embracement. Khan…

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SECP asks insurers to extend coverage of Motor Insurance Policies

April 29, 2020 | General, Official News

Islamabad, April 29, 2020 (PPI-OT): In light of the outbreak of COVID-19 (Coronavirus), the Securities and Exchange Commission of Pakistan (SECP) has advised non-life insurance companies to grant one month free of cost extension in insurance coverage to all motor…

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SECP Reaches Out to Market Due to COVID-19 Pandemic

April 23, 2020 | General, Official News

Islamabad, April 23, 2020 (PPI-OT): The Securities and Exchange Commission of Pakistan’s (SECP) is actively engaging the market stakeholders to mainly assess the situation arising out of the COVID-19 pandemic and its impact on the capital markets. Chairman SECP held…

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