ISLAMABAD (Dunya News) — Pakistan’s securities regulator has introduced a new framework for issuing statutory compliance certificates to companies in a move aimed at improving corporate transparency and strengthening regulatory oversight.
According to a notification issued by the Securities and Exchange Commission of Pakistan (SECP), companies will now be able to obtain a formal Certificate of Statutory Compliance, which will serve as official confirmation of their registration status, operational standing and compliance with regulatory requirements.
The regulator said the certificate is intended to provide greater assurance to stakeholders, investors and international partners regarding a company’s legal and regulatory status. Officials believe the initiative could help improve confidence among foreign investors and facilitate international business partnerships for Pakistani companies.
Under the new framework, only companies meeting all regulatory requirements will qualify for the certificate. The SECP clarified that firms which are inactive, under investigation, or maintain incomplete records will not be eligible for certification.
Companies that have failed to complete mandatory filing requirements, including annual returns and other regulatory submissions, will also be excluded from receiving the compliance certificate.
The regulator stated that applications for obtaining the certificate will be submitted to the Registrar of Companies, which will review the compliance status before issuing approvals.
The move forms part of broader efforts by regulators to strengthen corporate governance standards, encourage greater compliance within the corporate sector and enhance Pakistan’s business environment.
Business analysts believe the introduction of formal compliance certification may provide companies with an additional tool for demonstrating credibility when dealing with international investors, financial institutions and foreign business partners.