27.7 C
Islamabad
Friday, March 29, 2024

SECP issues Master Circular for AMCs

Must read

Daily The Spokesman March 29 2024 PDF

Daily The Spokesman March 29 2024 PDF Please Click Me

Won’t tolerate executive interference in judiciary, says CJP Isa

Naveed Ahmad Khan Islamabad : The Chief Justice of Pakistan Qazi Faez Isa said on Thursday that executive interference would not be tolerated in the...

Jam Kamal, Turkish Ambassador, Strategize to Boost Bilateral Trade to $5 Billion.

PPA ISLAMABAD: Turkish Ambassador Dr. Mehmet Pacaci recently met with Federal Minister for Commerce Jam Kamal Khan to discuss bilateral relations and congratulate him on his...

Staff Reporter

ISLAMABAD: To facilitate the asset management industry in compliance with statutory/regulatory requirements in an efficient manner, the Securities and Exchange Commission of Pakistan (SECP) has issued a Master Circular containing all the applicable circulars, directions and clarifications of the Commission.

The Circular is a compilation of all the existing/ applicable circulars, directions and clarifications issued by the Commission from January 06, 2009 up to July 05, 2022 for regulation of collective investment schemes (CIS) /mutual funds/ investment advisory services.

The Master Circular covers matters with respect to digitization, advertisements, categorization of collective investment schemes (CIS) and investment avenues, disclosure requirements, Constant Proportion Portfolio Insurance based schemes, exchange traded funds.

It also includes directions related to performance benchmarks for CIS, selling and marketing of CIS, sales load and expenses, valuation and provisioning, mandatory certifications for professionals of NBFCs and distribution of Units of CIS, outsourcing arrangements, risk management and compliance, merger of open-end schemes, procedure for unit holders meeting, separately managed accounts and closed end schemes.

- Advertisement -SECP issues Master Circular for AMCs

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -SECP issues Master Circular for AMCs

Latest article

Daily The Spokesman March 29 2024 PDF

Daily The Spokesman March 29 2024 PDF Please Click Me

Won’t tolerate executive interference in judiciary, says CJP Isa

Naveed Ahmad Khan Islamabad : The Chief Justice of Pakistan Qazi Faez Isa said on Thursday that executive interference would not be tolerated in the...

Jam Kamal, Turkish Ambassador, Strategize to Boost Bilateral Trade to $5 Billion.

PPA ISLAMABAD: Turkish Ambassador Dr. Mehmet Pacaci recently met with Federal Minister for Commerce Jam Kamal Khan to discuss bilateral relations and congratulate him on his...