SECP digitalises returns filing of employees’ contributory funds

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Islamabad

The Securities and Exchange Commission of Paki-stan (SECP) has deployed an online reporting sys-tem for filing of biannual returns under the Employ-ees’ Contributory Funds (Investment in Listed Secu-rities) Regulations, 2018.

The SECP has taken the step to facilitate companies with their statutory compliance, said a statement issued on Friday.

It said the development of this reporting system is part of SECP’s efforts for promoting digitalisation, ease of doing business and creating a paperless en-vironment.

The online filing mechanism will reduce administrative burden of handling forms in SECP and help in maintaining a centralised database of the contributory funds.

To avail the online filing facility, companies/trust(s) are required to login into SECP’s e-services with available user ID and click on the process of filing of employee contributory fund return at the process listing page. Those trusts which are not registered in e-services, are required.—TLTP

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