SECP allows digital account opening for mutual fund investors ...palestine

The Securities and Exchange Commission of Pakistan has introduced the digital onboarding mechanism for investors of asset management companies (AMCs), it said Thursday. They can now have their accounts opened without physically signing different forms and declarations. The development comes as part of the SECP’s efforts to usher in a new era of smart investments. The digital onboarding mechanism offers investors not only a seamless account opening process for investments in mutual funds but also eliminates the requirement of physical presence and submission of physical documents. AMCs are now allowed to conduct online customer verification process for opening of accounts to ensure

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