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Securities & Exchange Commission of Pakistan

Securities & Exchange Commission of Pakistan. DATA COMPILATION & USAGE AT THE SECP By Mr. Ali Rahman (Director MIS). Data and Information . Use of data by companies, businesses and organizations for their day-to-day operations and business decision making is on the rise.

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Securities & Exchange Commission of Pakistan

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  1. Securities & Exchange Commission of Pakistan DATA COMPILATION & USAGE AT THE SECP By Mr. Ali Rahman (Director MIS)

  2. Data and Information • Use of data by companies, businesses and organizations for their day-to-day operations and business decision making is on the rise. • Availability of reliable, correct and updated information and data at all times has become a necessity for companies and businesses. • Use and availability of data/information is enabling businesses and organizations of all sizes to effectively perform their functions and meet their underlying goals and objectives. • Organizations worldwide are implementing systems and databases to enable them to compile, store and retrieve data pertaining to their business and industry. • Companies, businesses and government organizations in Pakistan have also taken a leap in this phenomena, with many private, public and government organizations now using information technology. • CBR, SECP, BOI, etc.

  3. Data and Information at the SECP • SECP holds data and information of over 48,000 companies registered with SECP. • Nature and type of information being compiled and stored is largely inline with needs and requirements of SECP and its major departments. • Registration • Enforcement • Securities Market & Surveillance • NBFC • Insurance • Finance & Administration • Various types of IT applications have been implemented and are under development by the SECP to capture data/information, and promote IT use. • Some examples of the systems in place are: • Company Registration and Compliance System – Registration Department • Enforcement & Monitoring System – Enforcement Department • Regulatory and Compliance System for NBFCs - NBFC • Regulatory System for Insurance - Insurance • Brokers and Agents Registration and Management System – Securities Market • Future system that are in the pipeline for implementation are: • Online registration and filing system

  4. CRCS:-Company Registration & Compliance System • An internet based application that facilitates corporate registration and ensures compliance. • Depository of information on over 48,000 corporate entities. • A tool for generation of customized reports for statistical analysis, day-to-day monitoring, and strategic decision making. • Web based system which would be accessible from anywhere in the world using login ID and a password. • This is the largest database of companies at the SECP. • CRCS is in use at CROs and Registration Department.

  5. Features/Functions of CRCS • Information mostly pertains to capital, management, mortgages, legal proceedings, change of company name, company kind, transfer, merger and cessation of companies. • Name availability module • Incorporation of companies module • Statutory returns recorded include annual returns, Form-A, Form-29, Form-3, etc. • Diary System maintains record of all receipts. • User Defined reports can be generated to extract information • CRCS will enable online company registration and filing of returns in the near future

  6. CRCS and Data Compilation • Data/information is gathered through filing of statutory returns and documents by registered companies. • Information in CRCS mostly pertains to capital, management, mortgages, legal proceedings, change of company name, company kind, transfer, merger and cessation of companies. • This information is used by the SECP for day-to-day operations and decision making.

  7. Users and Compilers of SECP Data • Users and stakeholders of SECP data range from government organizations and ministries to individuals and private companies. • To better facilitate data use, SECP is providing specific data to various organizations upon their request. Our eight company registration offices are providing data to organizations like Board of Investment, State Bank of Pakistan and CBR on monthly basis. Similar data is also provided to other users upon their request. • However, apart from government organizations like CBR, SBP, BOI and Federal Bureau of Statistics, data is also given to private companies, individuals, and students.

  8. Thank You Questions & Comments

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