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Standard Board Resolution for Account Opening by SECP - Printable Version

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Standard Board Resolution for Account Opening by SECP - HA_Law_Graduate - 07-09-2025

The Securities and Exchange Commission of Pakistan (SECP) has taken a significant step in digitizing and simplifying corporate banking procedures. On August 25, 2025, SECP issued a press release announcing a standardized format for Board resolutions to facilitate the opening of corporate bank accounts, accompanied by a QR code to ensure instant verification.
What’s New Impact
This initiative is part of SECP’s broader “From Paper to Platform” digital transformation agenda, unveiled during its 7th Registrar Conference. Key benefits include: SECP’s launch of a standard format Board resolution with QR-based verification marks a stride toward digitalization and operational efficiency in corporate banking. The streamlined submission process improves security and makes corporate banking more accessible for all businesses across Pakistan.

The Official Press Release is attached: https://www.secp.gov.pk/wp-content/uploads/2025/08/Press-Release-SECP-eases-Corporate-Bank-Account-openings-with-QR-embedded-Board-resolutions.pdf

The sample released by SECP via social platforms is also attached with the thread.