SECP take steps to expand investor outreach

Reforms underway to improve linkage between capital markets, real economy

ISLAMABAD:

Securities and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan has said that the launch of Emlaak Financials, the country’s first mutual fund marketplace, is a major stride towards expanding investor outreach and improving customer experience.

The SECP chairman was addressing the launching ceremony of Emlaak Financials at the CDC House.

Emlaak Financials is the first investment platform allowing digital account opening and online investments in different mutual funds with centralised tracking.

This digital platform will facilitate investors in making informed decisions by providing a convenient, consolidated and interactive dashboard of investments, empowering them to invest with convenience without having to physically visit the asset management companies (AMCs).

Khan said SECP has been implementing a series of reforms focused at improving the weak linkage between the capital markets and the real economy of the country, reducing excessive regulatory layers and high costs of compliance and improving access to private capital for large projects.

It was evident that along with regulatory reform, embracing digitalisation was a critical enabler for moving forward, he added.

Accordingly, the SECP initiated an internal digitalisation transformation programme, Leading Efficiency through Automated Prowess (LEAP).­­

Published in The Express Tribune, August 7^th, 2022.

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