Regulatory Alerts2024-03-01
Added · Updated
Amendments to Non-Banking Finance Companies and Notified Entities Regulations 2008
The Securities and Exchange Commission of Pakistan amends the Non-Banking Finance Companies and Notified Entities Regulations, 2008, to exempt employer pension funds from sales loads and allow commodity (deliverable) funds up to 3% in specific portfolios. The amendments modify expense ratio disclosure requirements for employer pension funds and introduce Schedule XVI detailing the minimum contents of agreements between employers and pension fund managers. Additionally, new actuarial valuation report requirements are established for Pension Annuity Funds, and specific exemptions regarding public offer start dates are granted for employer pension funds.
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