Karachi: The National Clearing Company of Pakistan Limited (NCCPL) has announced an extension in the timeline for registration of existing customers under the Customer Know-Your-Client (CKO) Regime, a move that has resulted in a very large or significant move in the Pakistan Stock Exchange (PSX). This decision is aimed at accommodating a substantial number of investors who have yet to register under the KYC regime.

In a notice addressed to all Authorized Intermediaries and Clearing Members, the NCCPL indicated that the deadline for registering existing customers, initially set for June 30, 2025, has now been extended to September 30, 2025. This extension is applicable to customers who were registered before June 17, 2019. The NCCPL has emphasized the importance of completing the KYC process within the revised timeline to avoid any regulatory actions.

According to information available from the Pakistan Stock Exchange (PSX), the announcement has triggered a significant response in the stock market, reflecting investor sentiment towards regulatory extensions and compliance processes. The NCCPL has also begun validating customer credentials, with results expected to be communicated to the respective Authorized Intermediaries in due course. The company reiterated its commitment to providing multiple options for customer registration, aiming for a seamless transition within the KYC Database.

The announcement underscores a critical juncture for the financial market in Pakistan, as the NCCPL seeks to ensure compliance while facilitating investor participation. The extension is seen as a strategic move to enhance market transparency and integrity, aligning with broader efforts to strengthen the financial regulatory framework.