The Pakistan Stock Exchange (PSX), in collaboration with the National Clearing Company of Pakistan Limited (NCCPL) and the Central Depository Company (CDC), has introduced comprehensive guidelines for opening trading accounts for individuals below 18 years of age.
These guidelines have been formulated in consultation with the Securities and Exchange Commission of Pakistan (SECP).
The new framework outlines the process and modalities for opening such accounts, along with detailed terms and conditions governing their operation through a natural or legally appointed guardian.
All securities brokers have been directed to strictly adhere to these prescribed guidelines and ensure compliance with the operational requirements for minor trading accounts.
Under the guidelines, a “Minor Investor Account” may be opened by a guardian submitting valid NADRA documents such as a Juvenile Card, Form-B, or Child Registration Certificate.
The guidelines outline the following activities and corresponding requirements:
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Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
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Jurisdiction: Pakistan