NBFCs dealing in guarantees: SECP amends criteria of qualified capital
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has amended the criteria for qualified capital of non-banking finance companies (NBFCs) engaged exclusively in the business of issuing guarantees, introducing “Ring-Fenced Capital” as an add...
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has amended the criteria for qualified capital of non-banking finance companies (NBFCs) engaged exclusively in the business of issuing guarantees, introducing “Ring-Fenced Capital” as an additional component of capital recognised under the regulatory framework. Through Circular No. 22 of 2026 issued on Tuesday, the commission has amended its Circul...