SECP Digital Ownership Registry Launched to Reveal Real Company Owners
Pakistan has introduced a SECP ownership registry to improve transparency in the corporate sector. The new digital system will help regulators track the real owners of companies.
The initiative comes from the Securities and Exchange Commission of Pakistan. Officials say the registry will prevent companies from being used for illegal activities. Under the new rules, companies must disclose details of their Ultimate Beneficial Owners (UBOs). These are the individuals who ultimately own or control a company. In addition, firms must provide this information when registering a company. They must also update the details every year.
New Rules Aim to Improve Corporate Transparency
The SECP ownership registry was introduced through amendments issued under S.R.O. 1355(I)/2025. These amendments fall under the Companies Regulations 2024.
According to regulators, companies must now identify and verify their beneficial owners. This requirement follows Section 123A of the Companies Act 2017. As a result, authorities will gain clearer insight into company ownership structures. The move will also help regulators identify individuals who secretly control corporate entities. Therefore, it strengthens corporate governance and accountability.
Supporting Financial Compliance and Oversight
Officials say the SECP ownership registry will also support Pakistan’s anti-money laundering efforts. In addition, it will help strengthen counter-terrorism financing controls. Better data will allow regulators to monitor businesses more effectively. Consequently, authorities can detect suspicious activity faster. The Securities and Exchange Commission of Pakistan added that digital reforms remain a key priority.
These reforms aim to simplify compliance for businesses while improving regulatory oversight.
Moreover, the commission hopes the initiative will boost confidence in Pakistan’s corporate sector.
Overall, the digital registry marks another step toward modernizing corporate regulation and improving transparency in the country.
