KARACHI: The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Pakistan Stock Exchange (PSX), on Friday conducted a webinar to promote transparency, regulatory compliance and market integrity by enhancing awareness among securities brokers of their prudential and anti-money laundering obligations.
According to an SECP statement, senior officials briefed participants on the key responsibilities of securities brokers under the Securities Act, 2015 and the Securities Brokers (Licensing and Operations) Regulations, 2016.
The session covered regulatory requirements, including maintaining a valid securities broker licence, operating within the approved scope of business, safeguarding and segregating clients’ assets, maintaining adequate capital and financial resources, keeping proper books of accounts and audit trails, and establishing effective internal controls, compliance systems and complaint-handling mechanisms.
Participants were also briefed on obligations under the Anti-Money Laundering (AML) Act, 2010 and the AML/CFT/CPF Regulations, 2020. The presentation focused on risk assessment, Know Your Customer (KYC) procedures, Customer Due Diligence (CDD), independent audits, compliance functions and reporting requirements.
The SECP emphasised the importance of adopting a risk-based compliance framework, strengthening internal controls, conducting regular staff training, performing enhanced due diligence for high-risk customers, identifying ultimate beneficial owners (UBOs), and filing Currency Transaction Reports (CTRs) and Suspicious Transaction Reports (STRs), where required.
Copyright Business Recorder, 2026
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