Service overview
Securities brokerage involves licensed execution of securities transactions under the Securities Act, 2015.
A company certificate does not itself authorise a regulated business. Depending on the activity, SECP may require prior formation permission, incorporation, a separate operational licence, and continuing financial and fit-and-proper compliance.
Who qualifies to operate as a securities broker?
A prospective broker generally must assess trading entitlement, management fit-and-proper requirements, capital, technology and customer safeguards.
Company, directors and CEO must pass SECP fitness requirements; the applicant should confirm its PSX trading rights or relevant TREC arrangements. Brokers must hold prescribed net capital and client money protection systems.
Documents and information for Securities Brokerage Licence
Prepare the following information for securities brokerage licence. The relevant regulator may require further forms or certified evidence, depending on the applicant and chosen procedure.
- Exchange rights/TREC information
- Directors and CEO credentials
- Ownership and financials
- Client-asset controls
- AML/CFT and IT policies.
How can I obtain a securities broker licence from SECP?
- 01Establish securities broker eligibility
Check SECP fit-and-proper, capital and brokerage systems requirements, and arrange PSX trading-right entitlement/TREC status as applicable.
- 02Apply through the PSX/SECP prescribed channel
A qualifying TREC holder applies under regulation 5 of the Securities Brokers (Licensing and Operations) Regulations, 2016, through PSX using SECP's current checklist.
- 03Respond to licensing and operational scrutiny
SECP examines eligible persons, governance, client asset protections, IT/security and compliance; do not undertake brokerage activity without the licence.
- 04Track renewal and exchange obligations
The ordinary securities broker licence has a one-year validity under SECP guidance and must be maintained with exchange rights.
Regulator resource: SECP securities broker eligibility and TREC filing
After registration or approval
Renew and maintain the licence, segregate client assets, and satisfy market, AML/CFT and reporting obligations.
Governing law & official references
Securities Act, 2015 and Securities Brokers (Licensing and Operations) Regulations, 2016, as amended, together with applicable exchange rules.
The links below lead to government or official regulatory sources relevant to this service. Use the currently consolidated Act, regulations, statutory checklist and official portal when making an application.
How Chambers can assist
Chambers can review the legal route, identify regulatory constraints, prepare or review the supporting corporate and legal documents, manage the prescribed submission and correspond with the competent authority where instructed. The scope of the engagement will be determined by the applicant’s particular circumstances.
For an initial enquiry, identify the proposed activity, applicant entity and current stage, and provide the available documents indicated above. Please avoid sending confidential or identity-sensitive records through an unencrypted first contact.
Common questions about Securities Brokerage Licence
Who is eligible for Securities Brokerage Licence in Pakistan?
A prospective broker generally must assess trading entitlement, management fit-and-proper requirements, capital, technology and customer safeguards.
What documents are needed for Securities Brokerage Licence?
Exchange rights/TREC information; Directors and CEO credentials; Ownership and financials; Client-asset controls. Additional requirements can apply to the actual business or regulator.
How can I obtain a securities broker licence from SECP?
Establish securities broker eligibility: Check SECP fit-and-proper, capital and brokerage systems requirements, and arrange PSX trading-right entitlement/TREC status as applicable. Apply through the PSX/SECP prescribed channel: A qualifying TREC holder applies under regulation 5 of the Securities Brokers (Licensing and Operations) Regulations, 2016, through PSX using SECP's current checklist. Respond to licensing and operational scrutiny: SECP examines eligible persons, governance, client asset protections, IT/security and compliance; do not undertake brokerage activity without the licence. Track renewal and exchange obligations: The ordinary securities broker licence has a one-year validity under SECP guidance and must be maintained with exchange rights.
This guide is general information, not advice on your facts. Check the applicable law, notifications, updated regulator checklists and jurisdiction before acting. The authority alone determines eligibility, acceptance and approval; no outcome or processing period is guaranteed.