✅ Simplifying Compliance: SECP Launches Licensing Checklists for REIT & Non-Profit Companies
Islamabad, Pakistan – In a move aimed at improving transparency, efficiency, and ease of doing business, the Securities and Exchange Commission of Pakistan (SECP) has released comprehensive compliance checklists for two key categories:
- 🏢 Real Estate Investment Trust (REIT) Management Companies
- ❤️ Section 42 Not-for-Profit Companies
These checklists are designed to streamline licensing procedures, minimize delays, and help applicants meet regulatory requirements with ease.
📋 What’s Inside the New Checklists?
🏗️ For REIT Management Companies
The checklist guides sponsors, promoters, and stakeholders through:
- Prerequisites for establishing a Non-Banking Finance Company (NBFC)
- Step-by-step licensing for REIT management services
- Documentation requirements under:
- NBFC Rules, 2003
- REIT Regulations, 2022
🔗 Access the checklist on SECP’s official website
💡 For Section 42 Companies (Non-Profit/Charity)
This checklist supports charitable and not-for-profit organizations in meeting requirements under the Companies Act, 2017, including:
- Licensing procedures
- Governance standards
- Financial reporting obligations
- Mandatory disclosures
It ensures organizations submit complete, accurate, and legally compliant applications right from the start.
🕒 Faster Processing, Fewer Mistakes
By consolidating legal steps and required documentation, the SECP checklists are expected to:
- ⏱️ Reduce application processing time
- ✅ Minimize incomplete submissions
- 🔄 Streamline regulatory workflows for both applicants and SECP
If applicants don’t receive a response within 5 working days, they are encouraged to follow up via email for timely resolution.
📞 New Helplines & Complaint Portals for Better Support
To further improve stakeholder experience, SECP has:
- 📞 Introduced dedicated landline helplines at all Company Registration Offices (CROs)
- 🌐 Launched a 24/7 online complaint portal
These efforts aim to:
- Enhance regulatory accessibility
- Resolve grievances faster
- Foster stronger stakeholder engagement
💬 Final Word: A Step Towards Smarter Regulation
This latest initiative by SECP reflects its ongoing commitment to transparency, digital facilitation, and business-friendly regulation. Whether you’re launching a REIT management company or running a not-for-profit organization, the new checklists help ensure your journey is smoother and fully compliant.
👉 Visit the SECP website to download the checklists and get started today!
