SECP

What SECP does

Securities and Exchange Commission of Pakistan (SECP) is the statutory regulatory authority established in 1997 under the SECP Act, 1997 by the Government of Pakistan. It holds exclusive jurisdiction over Pakistan's corporate sector, capital markets, non-banking financial companies (NBFCs), and the insurance industry. SECP operates from its headquarters at NIC Building, 63 Jinnah Avenue, Blue Area, Islamabad, and serves all domestic and foreign companies operating in Pakistan (public listed companies, private companies, and Section 42 companies), along with stock exchanges, securities brokers, asset managers, insurers, takaful operators, microfinance institutions, and digital lending platforms.

SECP's core technology consists of digital service portals rather than commercial software products. The eZfile Portal (leap.secp.gov.pk) enables online company incorporation, name reservation, and statutory filings including Form 45 UBO Declarations. The LEAP Platform provides integrated e-services for registered intermediaries. The Data and Statistics portal exposes licensed entity records, enforcement orders, and market statistics. No public APIs or developer SDKs are documented. Other service lines include Capital Markets, NBFC, and Insurance licensing, an Enforcement division publishing orders under multiple acts, an Islamic Finance Division, and a Regulatory Sandbox for innovation testing.

SECP does not operate a commercial revenue model. It is funded by the Government of Pakistan and collects only statutory regulatory fees for company incorporation, licensing, and scheduled filings under the Sixth Schedule. Pricing is one-time/perpetual for filings and licensing. Distribution is primarily direct via digital self-service and a head-office presence, supplemented by registered intermediaries (chartered accountants, law firms, corporate secretaries) and stock exchanges/depositories. Marketing and stakeholder engagement rely on the official website, annual reports, press releases, the SECP Talk Series, and SECP Sentinel newsletter (launched 2025).

Name

SECP

Legal name

Securities and Exchange Commission of Pakistan

Website

https://secp.gov.pk

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Securities and Exchange Commission of Pakistan (SECP) is the statutory regulator established in 1997 under the SECP Act, 1997 to regulate Pakistan's corporate sector, capital markets, non-banking financial companies, and insurance industry through digital portals like eZfile and LEAP.

Ownership category

akta.pro rank

Product category

Financial Services Regulation

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

Financial Services Regulators (Banking, Securities, Insurance) (BPAIAOAK)

akta.pro secondary industry

KYC/Client Due Diligence & Participant Onboarding Controls (FSAFAKAF)

Keywords

• Financial sector regulation
• Company incorporation services
• Capital markets licensing
• Insurance regulation oversight
• Non-banking finance supervision

Headquarters

HQ city

Islamabad

HQ country

Pakistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Pricing tiers

Distribution channels5 records

Marketing channels7 records

Core offering

SECP is Pakistan's unified statutory financial regulator that licenses and supervises companies, capital market participants, insurance entities, and non-banking financial companies. It delivers company registration and statutory filing services through its eZfile and LEAP digital platforms, issues regulatory frameworks (including Islamic finance standards), operates a regulatory sandbox for fintech innovation, and enforces compliance through published enforcement orders and a complaint portal. The commission also publishes market data and statistics to support investor protection and market development.

Product overview

SECP (Securities & Exchange Commission of Pakistan) is a regulatory body, not a commercial technology company. It operates a suite of regulatory services including the eZfile electronic filing portal for company incorporation and post-incorporation filings, licensing services for capital markets, NBFCs, and insurance sectors, enforcement functions, Islamic Finance division, and a data/statistics portal. The eZfile portal serves as the primary digital service delivery channel, while licensing covers Stock Exchanges, Commodity Exchanges, Depositories, Clearing Houses, Securities Brokers, NBFCs (REIT, PE/VC Funds, Asset Management, Investment Advisory, Leasing, Housing Finance, Pension Funds), Insurance Companies, Brokers, Surveyors, and Takaful Operators. The Regulatory Sandbox enables testing of innovative financial products.

Differentiator

Problem solved

Functional benefit

Products and services

• eZfile Portal An electronic filing portal at leap.secp.gov.pk supporting company incorporation, name reservation, post-incorporation filings, and statutory submissions for companies and registered intermediaries.
• Company Formation Services Online company registration, name reservation, memorandum and articles of association preparation, fee calculators, and company closure procedures under the Companies Act 2017.
• Capital Markets Licensing Licensing services for stock exchanges, commodity exchanges, depository companies, clearing houses, securities brokers, debt securities trustees, credit rating agencies, and special purpose vehicles.
• NBFC Licensing Licensing for non-bank financial companies including REIT management, PE/VC fund management, asset management, investment advisory, leasing, housing finance, and pension fund services.
• Insurance Sector Licensing Licensing for insurance companies, surveying officers, insurance brokers, surveyors, third-party administrators, and window takaful operators.
• Regulatory Sandbox A framework for testing innovative products and services in the financial sector under relaxed regulatory requirements.
• Islamic Finance Division Develops standardized and harmonized regulatory framework for Islamic primary and secondary capital markets, including Shariah advisory services and product development.
• Enforcement Orders Publication of enforcement orders issued under various acts including the Companies Act, Anti-Money Laundering Act, Securities Act, Insurance Ordinance, and NBFC Rules.
• Data and Statistics Portal Provides capital markets data, NBFC sector reports, corporate statistics, insurance sector data, investor alerts, and trading data.
• Section 42 Companies Licensing Special category companies established under Section 42 of the Companies Act for specific social welfare and development purposes.

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• IFC/World Bank GroupcoreStrategic or Co-development Partner · 1 July 2026SECP strengthens partnership with IFC/World Bank Group for capital market development reforms and investor protection initiatives.
• Pakistan Mercantile ExchangecoreStrategic or Co-development Partner · 11 October 2023Co-organized first Financial Market Invest Expo in Islamabad, bringing together stock brokers, commodity brokers, mutual funds, insurance, and microfinance companies.
• State Bank of Pakistan - Business CentrecoreStrategic or Co-development Partner · 9 September 2021State-of-the-art Business Centre inaugurated at SECP by Governor SBP Dr. Reza Baqir to facilitate ease of doing business.
• Pakistan Telecommunications Authority (PTA)coreStrategic or Co-development Partner · 26 May 2017MoU signed on October 11, 2023 between SECP and PTA to formalize information exchange and cooperation mechanism between the two regulators.
• Audit Oversight BoardminorStrategic or Co-development Partner · 10 April 2017MoU signed for mutual cooperation and information exchange between SECP and Audit Oversight Board.
• Higher Education Commission (HEC)minorGTM or Marketing Partner · 7 August 2016Faculty Development Program launched with HEC and World Bank support to enhance university curriculum in financial markets and regulations.
• Institute of Cost and Management Accountants of Pakistan (ICMAP)minorGTM or Marketing Partner · 1 August 2016MoU to promote investor education and awareness. Joint efforts to enhance financial literacy among stakeholders.
• State Bank of Pakistan (SBP)coreStrategic or Co-development Partner · 11 May 2015Bilateral cooperation for financial system stability. Signed MoU for establishing Council of Regulators to address systemic risks according to international standards. Joint coordination committee meetings held regularly (23rd meeting documented in 2015).
• Federal Board of Revenue (FBR)coreStrategic or Co-development PartnerOne-Window Facility launched with FBR in March 2018 enabling companies to obtain registration and NTN simultaneously through integrated service.
• IOSCO (International Organization of Securities Commissions)coreStrategic or Co-development PartnerSECP Chairman presented IOSCO report to Finance Minister. Pakistan's re-entry into MSCI Emerging Markets Index in 2016 noted as significant market development achievement.

Recent moves6 records

Expansion highlights6 records

Direct peers

• Australian Securities and Investments Commission (ASIC): Australia's integrated corporate, markets, and financial-services regulator, administering the Corporations Act and overseeing companies, market intermediaries, and investor protection. Comparable to SECP's unified remit across corporate law, capital markets, NBFCs, and consumer-facing finance conduct.
• U.S. Securities and Exchange Commission (SEC): The U.S. federal securities regulator overseeing corporate disclosure, capital markets intermediaries, and investor protection. Directly comparable to SECP as a unified statutory securities and corporate regulator with exclusive jurisdiction over listed and private companies, brokers, and exchanges.
• Securities and Exchange Board of India (SEBI): India's statutory regulator for the securities and commodity markets, also overseeing listed-company disclosures, intermediaries, mutual funds, and increasingly FPIs. Closely comparable to SECP as a South Asian emerging-market securities regulator with a similar mix of capital-market, corporate-governance, and enforcement mandates.
• Bangladesh Securities and Exchange Commission (BSEC): Bangladesh's national securities and capital-markets regulator with statutory powers over exchanges, brokers, and listed issuers. Comparable to SECP as a South Asian emerging-market regulator with a similar scope (listed and unlisted companies, intermediaries, mutual funds) operating under significant market-development constraints.
• Securities and Futures Commission (SFC, Hong Kong): Hong Kong's integrated regulator of securities, futures, and asset-management industries with licensing, supervisory, and enforcement powers. Directly comparable to SECP's licensing-and-supervision role over brokers, exchanges, and asset managers under a statutory mandate.
• Capital Markets Authority of Kenya (CMA Kenya): Kenya's integrated capital-markets authority regulating issuers, intermediaries, and collective investment schemes. Comparable to SECP as an emerging-market statutory regulator focused on market development, investor protection, and licensing of capital-market participants.
• Capital Markets Board of Turkey (SPK / CMB): Turkey's capital-markets regulator with broad authority over securities markets, listed companies, intermediaries, and investment funds. Comparable to SECP as an emerging-market capital-markets regulator combining licensing, corporate-disclosure oversight, and enforcement powers.
• Financial Conduct Authority (FCA, UK): UK's conduct regulator for financial services firms and markets, covering securities, intermediation, and certain non-bank finance firms. Comparable to SECP as a regulator that licenses and supervises capital-markets intermediaries, enforces conduct rules, and combines licensing, surveillance, and enforcement functions.

Broad incumbents

• European Securities and Markets Authority (ESMA): EU-level regulator for securities markets, credit rating agencies, and trade repositories, coordinating national regulators across member states. Comparable to SECP's capital-markets supervisory and standards-setting remit, but operating at supra-national scope rather than within a single jurisdiction.
• Monetary Authority of Singapore (MAS): Singapore's central bank and integrated financial regulator covering banking, securities, insurance, and payments. Broader incumbent to SECP given its wider mandate (which subsumes SECP-like functions) and serves as a benchmark for a unified regulator model in a regional peer economy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/SECPPakistan

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SECP