SECP Policy Board directs Commission to reduce fees

ISLAMABAD, October 21: The SECP Policy Board met in Islamabad on Wednesday at the SECP head office under the chairmanship of Professor Khalid Mirza.

On the recommendation of its Regulations Committee, the Policy Board has directed the Commission to consider a substantial reduction in fees so as to remove the harsh regulatory impediments that hamper the overall growth of the financial services market to facilitate the ease of doing business in the country. The chairman said: “We must move towards beneficial regulation of the financial services.  It’s important to simplify and reduce the cost of doing business. What we are seeking is light regulation, low cost and tough as well as fair enforcement.”