NBFC Licence
Securities and Exchange Commission of Pakistan.
- Reporting CalendarOne calendar of SECP returns, credit bureau submissions and Financial Monitoring Unit reports, each with a named owner.Digital lending data flows set up so bureau reporting happens as a matter of course.Board and management reporting lined up with the regulatory cycle.
- Approval GatesBoard and leadership changes taken through the SECP's fit and proper process.Lending apps taken through whitelisting ahead of launch.New products and partnerships tested against the licence at the design stage.
- Governance FrameworkBoard-approved credit and risk policies that mirror the regulatory framework.AML controls covering customer identification and ongoing monitoring.Borrower disclosure standards, including a clear factsheet of terms, pricing and obligations.
- Regulator EngagementEarly, documented dialogue with the SECP on queries and new products.A response protocol with evidence prepared in advance.Familiarity with the Commission's hearing and appeal routes as part of the framework.
Advice is given against the rules in force at the time, and the frameworks continue to develop.