SECP amends NBFC Rules and NBFCs & Notified Entities Regulations

ISLAMABAD, June 14: In light of strong determination of the Commission to promote “ease of doing business” in all the areas under its ambit, SECP has approved draft amendments in Non-Banking Finance Companies (Establishment & Regulation) Rules, 2003 and Non-Banking Finance Companies & Notified Entities Regulations, 2008 for smooth transition of Micro Finance Institutions (MFIs) into Non-Bank Microfinance Companies (NBMFCs).