Securities

1
Securities Exchange Commission of Pakistan

• DATA COMPILATION USAGE AT THE SECP
• By
• Mr. Ali Rahman
• (Director MIS)

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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.

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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

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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.

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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

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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.

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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.

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Thank You

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