SECP is the financial regulatory agency whose vision is to develop a modern efficient corporate sector and capital market,

based on sound regulatory principles that provide impetus for high economic growth and foster social harmony in the country. Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the integrity of the financial system. This may be handled by either a government or non-government organization.

Aims of regulation
The objectives of financial regulators are usually:[1]

market confidence to maintain confidence in the financial system financial stability - contributing to the protection and enhancement of stability of the financial system consumer protection - securing the appropriate degree of protection for consumers. reduction of financial crime - reducing the extent to which it is possible for a regulated business to be used for a purpose connected with financial crime.

[edit] Supervision of stock exchanges Supervision of listed companies Supervision of anti-money laundering Supervision of investment management

Location
The SECP's head office is located in the NIC Building on Jinnah Avenue in the Blue Area of Islamabad, Pakistan's capital. It also has regional offices called Company Registration Offices (CROs) in Karachi, Lahore, Multan, Peshawar, Sukkur, Faisalabad and Quetta.

The SECP is divided into the following five divisions:

Company Law Division Securities Market Division Specialized Companies Division

Insurance Division Law Division Now the SECP's mandate includes investment financial services, leasing companies, housing finance services, venture capital investment, discounting services, investment advisory services, real estate investment trust[4] and asset management services, etc. The SECP also regulates various external service providers that are linked to the corporate sector, like chartered accountants, rating agencies, corporate secretaries and others.

[edit] Organization

Chairman's Profile
Mr. Tahir Mahmood
Mr. Tahir Mahmood Acting Chairman SECP

Formed

January 1, 1999

Preceding Agency

Corporate Law Authority

Jurisdiction

Pakistan

Headquarters

Islamabad, Pakistan Muhammad Ali[1], Chairman

Agency executive