RegAlert

Rule · SECP · 11 Feb 2022

Circular 3 of 2022 – Framework for Fixed Rate-Return Mutual Funds

securities
disclosure

Regulation 38(2)(r)(iv) of the Regulations and clause IV of Circular No. 11 of 2009 are declared inapplicable to Fixed Rate-Return Mutual Funds. The frequency of Net Asset Value (NAV) dissemination for these schemes is determined by their Constitutive Documents rather than standard regulatory mandates. This exemption applies to Asset Management Companies, Mutual Funds, and Trustees of Collective Investment Schemes.

PakistanSecurities and Exchange Commission of Pakistan

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SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN

SPECIALIZED COMPANIES DIVISION

POLICY, REGULATION AND DEVELOPMENT DEPARTMENT

No. SCD/CIRCULAR/237/2022

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SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN SPECIALIZED COMPANIES DIVISION POLICY, REGULATION AND DEVELOPMENT DEPARTMENT

  1. Regulation 38(2)(r)(iv) of the Regulations to the extent of NAV and clause IV of Circular No. 11 of 2009 dated March 26, 2009 shall not be applicable on this scheme and the frequency of NAV dissemination will be as specified in the Constitutive Documents.

Commissioner (SCD)

Distribution:

  1. Chief Executive Officers, Asset Management Companies
  2. Mutual Funds Association of Pakistan
  3. Trustees of Collective Investment Schemes

NIC Building, 63 Jinnah Avenue, Blue Area, Islamabad. Tel: 051-9207091-4, Fax. No. 051-9100473 ```

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SCD Circular No. 11 dated2009-03-26Not in RegAlertSCD Circular No. 11 dated 2009-03-26 — Not in RegAlertCircular 3 of 2022 – Frameworkfor Fixed Rate-Return Mutual …2022-02-11 · this documentCircular 3 of 2022 – Framework for Fixed Rate-Return Mutual Funds (2022-02-11)Mentions (1)a document that mentions itopen the list below the graph ▾Mentions (1): a document that mentions it without changing it — open the list below the graph
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Amends
  • SCD Circular No. 11 dated 2009-03-26Not in RegAlert

    “Regulation 38(2)(r)(iv) of the Regulations to the extent of NAV and clause IV of Circular No. 11 of 2009 dated March 26, 2009 shall not be applicable on this scheme”

Mentions (1): 1 document mentions this one without changing it
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