National Clearing Company of Pakistan Limited

8th Floor, Pakistan Stock Exchange Building, Stock Exchange Road, Karachi

NCCPL/CM/MARCH-22/12
March 14, 2022

Clarification for documents requirement for Sahulat Accounts under CKO Regulations 2017

Dear Authorized Intermediaries (AIs),

This is in continuation to our earlier circular reference NCCPL/CM/SEPTEMBER-19/01 dated
September 2, 2019 through which we had shared amendments in NCCPL’s CKO Regulations 2017.
In the said circular, NCCPL had also specified document requirement at CKO for Sahulat Accounts
Holders for AIs’ guidance only.
In this respect, for clarity, we are writing to state that Sahulat Account Holders are required to submit
the copy of valid CNIC/ SNIC only and there is no requirement to provide any proof or documentary
evidence in respect of:
(a) Mailing/ permanent address of Investor
(b) Source of income
(c) Proof of Occupation
(d) Gross Annual Income

This Circular should be read in conjunction with the CKO Regulations 2017 and related CKO
Procedures to guide AIs for KYC document requirements pertaining to Sahulat Accounts.

For any further queries or concerns, please contact NCCPL Customer Support Department at UAN
021-111-111-622.

Regards,

________sd_____________________
Muhammad Asif
General Manager/HOD-Operations

CC:
1. Executive Director/HOD - Policy, Regulation and Development Department – SMD
Securities & Exchange Commission of Pakistan - Islamabad
2. Chief Executive Officer - Pakistan Stock Exchange Limited
3. Chief Executive Officer - Central Depository Company of Pakistan Limited
4. Managing Director - Pakistan Mercantile Exchange Limited (For Circulation to all
Authorized Intermediaries of PMEX)
5. Pakistan Stock Brokers Association