Zindigi, DAT AI Systems Sign Digital Solutions MoU
August 29, 2026
SECP has launched a unified digital framework to simplify investor onboarding, reduce repeated verification and accelerate account opening across Pakistan’s capital market.
The Securities and Exchange Commission of Pakistan (SECP) has introduced a unified digital investor onboarding framework aimed at making entry into Pakistan’s capital market faster and more accessible. The framework seeks to reduce repetitive verification, simplify documentation and establish clear timelines for opening investor accounts.
Under the new framework, Sehl/Sahulat Accounts will be processed within one working day, while Normal Accounts will be processed within two working days. Applicants will receive tracking IDs for their applications, while any deficiencies identified during the onboarding process must be communicated within the prescribed timeframe. Where an application is rejected, the reasons must also be provided in writing.
The initiative has been introduced through Circular No. 19 of 2026 and standardises investor onboarding requirements across securities brokers, asset management companies, insurers and other regulated intermediaries. The framework is intended to create greater consistency in the onboarding experience across Pakistan’s regulated financial sector.
One of the key changes is the elimination of repetitive customer verification. Where prescribed verification has already been completed through an eligible regulated financial institution or notified third party, regulated intermediaries will be able to rely on that verification rather than requiring investors to repeat the process.
The framework also introduces greater scope for technology-based onboarding and processing. It enables API-based straight-through processing and digital onboarding, reducing paperwork and manual intervention in the account-opening process. The system also provides for instant issuance of Unique Identification Numbers (UINs) and the opening of Central Depository Company (CDC) sub-accounts.
According to the SECP, the framework forms part of its broader efforts to increase retail participation in Pakistan’s capital market, particularly among first-time and digital investors. The regulator is targeting an investor base of 2.5 million, with young Pakistanis identified as an important segment for expanding participation.
SECP Chairman Dr Kabir Ahmed Sidhu said the regulator’s focus was on removing entry barriers and using technology to simplify the investor journey. He said the objective was to expand participation, particularly among young investors, while developing a deeper and more inclusive capital market.
The unified framework therefore brings together standardised requirements, defined processing timelines and digital mechanisms within a single onboarding structure. By allowing eligible verification to be reused and enabling digital processing, the SECP aims to reduce friction for investors seeking to open accounts and participate in Pakistan’s capital market.
The measures also establish clearer responsibilities for regulated intermediaries by requiring deficiencies and rejection reasons to be communicated within defined parameters, providing investors with greater clarity during the onboarding process.
