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Pakistan Banks’ Association (PBA)
has started creating a Panel of Approved Security Agencies
from 24 September 2007. Banks / F.I.s falling under
jurisdiction of State Bank of Pakistan are required to
deploy Guards for their branches / offices from, and use
Cash in Transit Services of, only those Security Agencies
which are enlisted on the PBA Panel of Approved Security
Agencies.
For creation of the Panel of Approved Security Agencies, PBA
has issued Guidelines for Enlistment of Security Agencies.
Updated release of the Guidelines may
be downloaded from here.
The conditions for enlistment of Security Agencies are
specified in Clause 4 of the Guidelines.
The current list of Approved Security Agencies is as under:
Banks / F.I.s may continue their existing contracts with
Security Agencies till expiry. After expiry they are required to
renew / enter into contracts with only those Security Agencies
which are on the PBA Panel of Approved Security Agencies.
Further, security agencies which have been delisted for
failing to complete reporting requirements, but are impending
cancellation of security arrangments for guarding services by
banks are as under:
Security Agencies must enclose copies of the required
documents with the Application Form, and sign the specified
undertakings.
One of the conditions for enlistment is that the Security
Agencies will submit Credentials of their Guards / Supervisors
serving the Banking Industry for re-verification. All such
Guards / Supervisors whose credentials are doubtful or prove
defective in any manner will be removed from the Banking
Industry.
PBA has assigned the task of re-verification of Credentials
of Guards / Supervisors to All Pakistan Security Agencies’
Association (APSAA).
The sequence of the re-verification procedure will be as
follows:
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Security Agency will apply for
Enlistment to PBA. |
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Upon receipt of complete and
orderly Application Form with all required supporting
documents, PBA shall enlist the Security Agency and intimate
it accordingly. |
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Within 15 days of enlistment,
the Security Agency shall provide a complete list of Guards
/ Supervisors deployed in the Banking Industry and used for
Cash-In-Transit for Banks / F.I.s to PBA on Form PBA-SA-03. |
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Upon receipt of this
statistics, PBA shall ask APSAA to commence receipt of
Credentials of Guards / Supervisors from Banking Industry on
Form PBA-SA-04. PBA shall do this within 15 days of receipt
of initial data. |
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PBA will advise the Security
Agency to start submitting Credentials of guards/supervisors
to APSAA. PBA shall do this within 15 days of receipt of
initial data. |
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Security Agencies shall
directly provide the Credentials of guards/supervisors to
APSAA on Form PBA-SA-04 within 30 days of enlistment. |
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APSAA shall provide to PBA
status of the Credentials when received from the issuing
authorities. |
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Security Agencies shall
provide particulars to PBA as required in Clause 7.02.02 of
the Guidelines, within 60 days of enlistment, on Form
PBA-SA-05. |
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Thereafter, Security Agencies
will update PBA on various particulars of Guards /
Supervisors on a monthly basis, on Forms PBA-SA-07 to
PBA-SA-09. |
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Security Agencies shall also
on a monthly basis, provide particulars of
guards/supervisors appointed during the month to PBA on Form
PBA-SA-05, and to APSAA on Form PBA-SA-04. |
Please download the
Data Forms from here:
Softcopy of all data to PBA should be sent on email address
security_agencies@pakistanbanks.org.
For queries/information, please call the PBA Secretariat at the
phone numbers 021-3587-3282, 021-3587-4981, or 021-3582-2986. Ask
for the Security Agencies Cell. |
