Hijazi inaugurates new user registration system

ISLAMABAD, March 30: The SECP Chairman, Zafar Hijazi, launched a new User Registration System under eServices. The new system will reduce the incorporation cost from Rs1,500 per user to Rs100 per user besides reducing the turnaround time from days to minutes for registration of users of eServices.

Mr. Hijazi inaugurated the new user registration system during the Financial Reporting Workshop for economic journalists organized by the SECP on Thursday. The SECP’s senior officials spoke defaulting members of the stock exchange, its legal perspective, the SECP’s surveillance and supervision system for the capital market in the workshop.

The SECP Chairman lauded the efforts of Corporate Compliance Department for introducing the revolutionary steps to ensure ease of doing business through a number of initiatives during the last couple of years. He termed the new user registration system a paradigm shift from the traditional registration system to a new modern incorporation regime.