ISLAMABAD — The Pakistan Stock Exchange (PSX), in collaboration with the National Clearing Company of Pakistan Limited (NCCPL) and the Central Depository Company of Pakistan Limited (CDC), has introduced new guidelines for opening trading accounts for minors under the age of 18. This initiative, developed under the guidance of the Securities and Exchange Commission of Pakistan (SECP), is designed to promote investor awareness and financial inclusion.
The guidelines aim to encourage early participation in the capital markets, fostering a culture of saving and investment among Pakistan’s youth. By enabling minors to engage in formal investment activities, the initiative seeks to instill financial discipline and provide access to structured investment opportunities.
The guidelines outline a clear process for opening and operating trading accounts for minors through natural or court-appointed guardians. It ensures that the process is accessible while adhering to compliance and operational safeguards. Additionally, the guidelines specify the process for transitioning to a regular trading account once the minor reaches the age of 18, including the tax implications of transferring inventory.
This initiative is seen as a significant step toward expanding investor participation and nurturing a financially literate future generation. The detailed guidelines are available on the PSX website.
