NCCPL launches Minor Trading Account

Mettis Global reported that the National Clearing Company of Pakistan (NCCPL) has launched a Minor Trading Account, opening the door for people younger than 18 to take part in trading for the first time. The framework relies on separate know-your-customer onboarding in the minor's name, using a B-Form, CRC or Juvenile Card, and ties each record to the guardian's UIN. A circular issued on September 1, 2026 set out the arrangement, building on an earlier notice of July 27, 2026 sent to intermediaries, clearing members and investors.

Each minor receives an independent Unique KYC Number, and a guardian must already hold an active one before a minor's application can start. Accounts will be monitored automatically, and the system will send an alert one month before the minor turns 18 so that the intermediary can open a Normal or Regular Account. If that switch is not completed by the 18th birthday, the account gets frozen until all paperwork is done.

NCCPL said the structure offers streamlined onboarding, separate identification for minors, automated monitoring before maturity, and less manual follow-up for intermediaries. It says the scheme is in line with the SECP's revised framework. An awareness session has been set for September 7, 2026, and clearing members have been asked to ensure their operations and compliance teams take part.