Non-banking financial services such as asset management services, investment advisory services, leasing, investment finance services and house finance services are being provided by asset management companies, investment advisors, leasing companies, investment finance companies and housing finance companies respectively hereinafter referred to as NBFCs. The Securities and Exchange Commission of Pakistan has notified Non-Banking Finance Companies and Notified Entities Regulations, 2008 for the regulation of NBFCs carrying out leasing, investment finance services, housing finance services, asset management services and investment advisory services and their business activities and notified entities being managed by the aforementioned NBFCs.