The Securities and Exchange Commission of Pakistan has approved reforms to the Electronic Mortgage Register (EMR), accessed via the SECP Financial Institutions Portal, lowering fees and adding functionality intended to improve transparency and digital access for users in the financial and corporate sectors. Key changes include reducing the EMR access fee from PKR 15,000 to PKR 3,000 and extending the access validity period from 30 days to 90 days. Access has also been extended to registered intermediaries to support faster preparation of mortgage search reports and streamline loan processing for corporate borrowers. System enhancements include separate display of charges for merged or surviving companies, a bank-wise view of a company’s total indebtedness, monthly auto-alerts for unpaid invoices to primary users, and a prepayment option for financial institutions. The revised fee structure and new features are expected to become available very soon after completion of the necessary system updates.
Securites & Exchange Commission of Pakistan 2025-05-06
Securities and Exchange Commission of Pakistan cuts Electronic Mortgage Register access fee to PKR 3,000 and expands access to registered intermediaries
The Securities and Exchange Commission of Pakistan has approved reforms to the Electronic Mortgage Register, reducing access fees from PKR 15,000 to PKR 3,000 and extending validity from 30 to 90 days. Enhancements include expanded access for intermediaries, improved transparency with separate charge displays, and new features like monthly auto-alerts and prepayment options. These changes aim to streamline mortgage processing and enhance digital access for financial and corporate sectors.