The Securities and Exchange Commission of Pakistan (SECP) supports Digital Transformation (DX) in its regulated sector. It has issued “draft Cloud Adoption Guidelines for Incorporated Companies” to seek feedback from all stakeholders.
The guidelines have been issued to provide an easy and efficient procedure for the transition to cloud computing. The project aims to provide a clearer understanding for the companies to gauge the risks and benefits of transferring to the cloud than traditional computing solutions.
Cloud brings convenience and on-demand access to a shared pool of resources such as servers, storage, and applications, over the Internet. The future of cloud computing has proved to be very useful in different sectors in terms of better resource utilization, scalability, business continuity, improved collaboration and speed to market.
The SECP’s draft of Cloud Adoption Guidelines is in compliance with the draft Pakistan Cloud-First Policy (PCFP) 2021, issued by the Ministry of IT & Telecommunication.
