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SECP to bring MFIs under framework of NBFCs

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The Securities and Exchange Commission of Pakistan (SECP) has decided to register all micro-finance institutions (MFIs) and related NGOs as non-banking financial companies with the commission to properly regulate/monitor these institutions under the non-banking finance companies (NBFCs) framework.

In an exclusive talk with Business Recorder here on Tuesday, Syed Mohsin Ahmed CEO – Pakistan Microfinance Network (PMN) and Honorary CEO-South Asia Micro-entrepreneurs Network (SAMN) said that the SECP in consultation with the microfinance industry has formally notified the NBMFCs regulations for the microfinance industry.

For more on this story visit the following link: SECP to bring MFIs under framework of NBFCs

Source: Brecorder

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