e-services

background
E-Services project is being undertaken by IS&T Department of SEC in collaboration with E-Government Directorate, Ministry of Information Technology, within the framework of National IT Policy approved by the cabinet. The project is being executed with the help of E-Government Directorate with all operation & maintenance to be covered by the IS & T department of the Securities & Exchange Commission of Pakistan.

The objective of the project is to establish and implement online systems, which will improve the efficiency and effectiveness of the business processes of SECP, making it easier for clients such as companies, individuals and investors etc. to interact with the commission. Main features of the system will include online registration system for companies, online submission of annual, quarterly, and monthly returns by companies, online registration and tracking of complaints, etc. The system will also aim to reduce undue paper work and improve various processes within SEC. The features of the system which will enhance the internal workings of the commission include implementation of workflow environment, business process analysis, document analysis, and business activity monitoring and tracking etc.

goals
On the successful completion of the E-Services project it should have achieved the following goals:

Online company registration system
Online licensing
Online filing of returns
Online registration and feedback of complaints
An infrastructure easily capable of automating any business process of the commission

online form for company registration
Your chance to stay updated and provide feedback on one of the most innovative initiatives at SEC

The new e-services project is aimed at all of you out there, whether you are a business, an investor, represent a Government organization or just about anyone interested in our services. The purpose of the project is to automate all external services of SEC, so whether you are interested in obtaining information about a company, or you represent a potential company which needs to get registered or representing an already established company which needs to file its returns, or you want any kind of Information, this project will prove to be a rare one stop shop for all your requirements. Similarly, it will help streamlining electronic collaboration and interaction with Government, national and international organizations, companies and general public.

Some of the salient features of the project are:

Online registration of companies
Online filing of annual and quarterly returns
Online complaint registration and tracking system
Online provision of information

If you want to keep track of this exciting project, as one way or another, the project is aimed at benefiting and facilitating you, please fill the form so that we can send you updates throughout the development and implementation phase, ensuring, that by the completion of the project, you are fully familiar with the new system, which is aimed towards hassle free delivery of services to you.

newsletter
NewsLetter May2006
NewsLetter August2006

e-Services links
Foreign Companies Guide
Accounting Guide
Mortgages Guide
Directors and Secretaries Guide
FAQs on the Code of Corporate Governance
Guidelines on making Alteration in Memorandum of Association under section 21 of the Companies Ordinance , 1984
Guidebook on further issue of shares otherwise than rights
Guidebook on Issue of Preference Shares
Insurance Guide
Investor Guide (Vol. 1)
Investor Guide (Vol. 2)
The Investor Guide Lodging Complaints
Promoters' Guide
Promoters' Guide for Modarba Companies
Guidelines on Quarterly Accounts
Single Member Company Guide
Winding up / Dissolution of Companies Guide
Investigation into the Affairs of a Company
Shareholders' Rights
Conversion of Status of Companies

call center

SECP is setting up a call center to handle complaints and enquiries related to laws and policies, registration of different types of companies, licensing requirements related to grant and renewal, facilitation and protection of investors, creditors, depositors, policy holders, and consumers, enforcement, monitoring, and compliance, and front end helpdesk for the E-services project. The call center number will be accessible throughout Pakistan, from 8:30 a.m. to 8:30 p.m. Pakistan Standard Time on weekdays, from 8:30 p.m. to 8:30 a.m. and during weekends offline query and message services will be available.

market surveillance system

One of the important functions of Securities & Exchange Commission as a Regulatory body is to ensure compliance and adherence to the guidelines laid out by SEC for various markets throughout Pakistan. For this SEC is acquiring a system that can dynamically generate alerts on the basis of criteria defined, which will help in implementation of regulations. The objective is to empower surveillance staff with enough data to make informed decisions and to act on behalf of public to ensure efficiency and transparency.

The two most important functions to be carried out by the system are, market monitoring and case handling and investigation. The overall market monitoring activity is aimed at gathering and securing real-time information for online and offline analysis. Any market monitoring activity requires the ability to obtain details of unusual activity on the market as soon as it occurs. For this purpose certain alerts maybe generated based upon the criteria defined by the surveillance professionals. The customized alerts are set based upon the benchmarking done on normal trading activity. Any abnormal activity will generate alerts to inform surveillance staff of unusual activity. Apart from that another aspect, which is very important for market monitoring is market information & access management. The information sources must be managed through multiple database interfaces, it should interface with stock exchanges database and external information databases such as newspapers, commercial information vendors and broker / client information databases. Case Investigation & Handling aspect of the market surveillance consists of investigation upon receiving various forms of alerts. This includes consultation with various reports and use of various case management and investigation tools to arrive at a conclusion. The reports maybe generic and specific in nature, for example, various fixed format and customizable report options should be there to view historical, current and even forecasted future market information in the context of the problem presented. The case management tools include risk management for the purpose of ensuring compliance to all baseline regulations. It also includes investigation from various outside sources, for example, the information management being carried out by connectivity with external market news feeds such as Bloomberg and Reuters etc. Information from internal and external sources maybe combined to arrive at a conclusion or derive facts about a particular case or investigation.