{"id":51093,"date":"2019-04-06T10:00:17","date_gmt":"2019-04-06T10:00:17","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=51093"},"modified":"2020-01-28T12:24:03","modified_gmt":"2020-01-28T12:24:03","slug":"secp-appoints-registrar-secured-transactions-registry","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/secp-appoints-registrar-secured-transactions-registry.html","title":{"rendered":"SECP appoints Registrar, Secured Transactions Registry"},"content":{"rendered":"<p>Islamabad: The Securities and Exchange Commissions of Pakistan (SECP) has appointed the Registrar, Secured Transactions Registry, a news source reported. The appointment of the said official comes following the federal government\u2019s notification for establishing the Secured Transactions Registry.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/real-estate-companies-get-exemption-from-secp.html\" target=\"_blank\" rel=\"noopener noreferrer\">Real estate companies get exemption from SECP<\/a><\/p>\n<p>The registry is going to be responsible for implementing an effective regulatory and enforcement mechanism for registration of securities\/charges interests created on assets by a particular entity. This is especially applicable to the moveable assets of borrowers.<\/p>\n<p>The registry will operate from the SECP head office. It will support small-scale borrowers in obtaining secured credit from formal financial institutions.<\/p>\n<p>The federal government issued the notification for the registry\u2019s establishment while exercising its powers under Section 19 (1) of the Financial Institutions (Secured Transactions) Act, 2016.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/more-than-700-firms-registered-by-secp.html\" target=\"_blank\" rel=\"noopener noreferrer\">More than 700 firms registered by SECP<\/a><\/p>\n<p>According to sources, a few sectors of the Pakistani economy face difficulty in obtaining secured credit from financial institutions. Part of the problem is the sectors\u2019 inability to offer acceptable collaterals to the financial markets. This is why the establishment of this registry has been taken as a welcome reform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Securities and Exchange Commissions of Pakistan (SECP) has appointed the Registrar, Secured Transactions Registry, a news source reported. The appointment of the said official comes following the federal government\u2019s notification for establishing the Secured Transactions Registry. Read:\u00a0Real estate companies get exemption from SECP The registry is going to be responsible for implementing an effective regulatory and enforcement mechanism for registration of securities\/charges interests created on assets by a particular entity. This is especially applicable to the moveable assets of borrowers. The registry will operate from the SECP head office. It will support small-scale borrowers in obtaining secured credit from formal financial institutions. The federal government issued the notification for the registry\u2019s establishment while exercising its powers under Section 19 (1) of the Financial Institutions (Secured Transactions) Act, 2016. Read:\u00a0More than 700 firms registered by SECP According to sources, a few sectors of the Pakistani economy face difficulty in obtaining secured credit from financial institutions. Part of the problem is the sectors\u2019 inability to offer acceptable collaterals to the financial markets. This is why the establishment of this registry has been taken as a welcome reform.<\/p>\n","protected":false},"author":68,"featured_media":42129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[11207],"persona":[],"class_list":{"0":"post-51093","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-details-on-secp-appoints-registrar-secured-transactions-registry","9":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SECP appoints Registrar, Secured Transactions Registry - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Securities and Exchange Commissions of Pakistan (SECP) has appointed the Registrar, Secured Transactions Registry, a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/secp-appoints-registrar-secured-transactions-registry.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP appoints Registrar, Secured Transactions Registry - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Securities and Exchange Commissions of Pakistan (SECP) has appointed the Registrar, Secured Transactions Registry, a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/secp-appoints-registrar-secured-transactions-registry.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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