Regulatory Alerts2025-12-15
Added · Updated
Circular 1 of 2025 - Application Pack for Registration of Regulated Persons and Registered Service Providers
The Mutual Funds Association of Pakistan (MUFAP) has established a new regulatory framework mandating that all regulated persons and registered service providers, including existing members, must formalize their registration. Existing members are required to submit a signed undertaking on legal paper within 30 days to maintain their status, while new applicants must undergo a rigorous submission, verification, and due diligence process to obtain registration. Annual renewal processes are also introduced, requiring submission of updated financial and licensing documentation alongside a reaffirmed compliance undertaking to ensure ongoing regulatory alignment.
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