SECP Issues Notices To 28,761 Companies Over Ultimate Beneficial Ownership Disclosure
SECP has issued show cause notices to 28,761 companies for failing to submit mandatory Ultimate Beneficial Ownership details through Form 19 under the Companies Act, 2017.
SECP Mandates UBO Disclosures to Align Pakistan Banking and Corporate Governance with IMF Standards
The SECP has launched a nationwide drive requiring companies to disclose Ultimate Beneficial Owners by April 30, 2026, to curb illicit financial flows and meet IMF benchmarks.