SECP

SECP (Securities and Exchange Commission of Pakistan) is a regulatory body established to enhance the efficiency of the corporate sector, insurance, NBFC, and capital market in Pakistan. Founded in 1999 in accordance with the Securities and Exchange Commission of Pakistan Act, 1997, it was granted administrative authority and financial independence to carry out regulatory and statutory responsibilities. Initially focused on regulating the corporate sector and capital market, its mandate expanded over time to include oversight of insurance companies, non-banking finance companies, private pensions, and external service providers to the corporate and financial sectors. The SECP faces a significant challenge in effectively managing its broadened mandate.