RegAlertRule · SECP · 27 Jun 2008
Amendments in Schedule IV to the Non-Banking Finance Companies and Notified Entities Regulations, 2007
The Securities and Exchange Commission of Pakistan amends Schedule IV of the Non-Banking Finance Companies and Notified Entities Regulations, 2007, specifically modifying disclosure requirements for collective investment schemes. The changes include omitting references to interim reports in clause 1, removing clauses 6(E) and 9(4), and substituting clause 6(G) with a requirement to list the top 10 brokers or dealers by commission percentage. Additionally, specific details regarding personnel of NBFCs acting as investment advisers or Asset Management Companies are removed from clause 6(I), while references to 'minutes of' meetings and 'Credit' ratings are deleted from clauses 6(J) and 6(K) respectively.
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Islamabad the, 27th June, 2008
NOTIFICATION
S.R.O. 683(I)/2008.- In exercise of the powers conferred by sub-section (2) of section 282B of the Companies Ordinance, 1984 (XLVII of 1984), the Securities and Exchange Commission of Pakistan hereby makes the following amendments in Schedule IV to the Non-Banking Finance Companies and Notified Entities Regulations, 2007 notified through S.R.O. 1132(I)/2007 in Part II of the Gazette of Pakistan on November 21, 2007.
SCHEDULE -IV
[See regulations 46]
DISCLOSURE REQUIRMENTS FOR COLLECTIVE INVESTMENT SCHEMES
(i) In clause 1 before the word "must" and after the word "Annual report" the words "/Interim Report" shall be omitted. (ii) Clause 6(E) shall be omitted. (iii) Clause 6(G) shall be substituted by following words:
"List of top 10 brokers/dealers by percentage of commission paid by collective investment scheme in one accounting year" (iv) In Clause 6(1) following shall be omitted. "Particulars of personnel (executive, research and others) of the NBFC operating as investment adviser/Asset Management Company:" (v) In clause 6(J), before the word "each" and after the word "attending" the words "and minutes of" shall be omitted (vi) In clause 6(K) before the word "Rating" and after the word "Latest" the word "Credit" shall be omitted (vii) Clause 9(4) shall be omitted (viii) In Clause 10(v) the bullet point No. 7 shall be omitted.
No.SCD/NBFCD/Reg./2008
(Abdul Rehman Qüreshi)
Advisor/Secretary
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- Obligation 5
- Definition / condition 6
- background, boilerplate
Lineage: Amended
A newer document in RegAlert amends this one; it applies as amended.
The links and the sentences they come from (3)
- Amended by
“the provisions of the Non-Banking Finance Companies and Notified Entities Regulations, 2007 and S.R.O. No. 683(I) of 2008 are hereby repealed.”
“the provisions of the Non-Banking Finance Companies and Notified Entities Regulations, 2007 and S.R.O. No. 683(I) of 2008 are hereby repealed.”
- Amends
“makes the following amendments in Schedule IV to the Non-Banking Finance Companies and Notified Entities Regulations, 2007 notified through S.R.O. 1132(I)/2007”
Timeline
Amended 2 times · last 2023-08-17
- 2023-08-17
SECPNon-Banking Finance Companies and Notified Entities Regulations, 2008amends
- 2020-09-02
This document amends: Non-Banking Finance Companies and Notified Entities Regulations, 2007
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