SECP apprised digital lenders on new regulatory requirements

ISLAMABAD, January 7: The Securities and Exchange Commission of Pakistan (SECP) briefed the non-banking finance companies (NBFCs) on improved regulatory requirements, recently imposed through Circular No 15 to address the complaints of mis-selling, inflated charges and undue access to customers data. Senior management of all the licensed NBFCs, engaged in digital lending participated in the online session.