Regulatory Alerts2025-02-06
Added · Updated
Circular No. 06 of 2025 - Valuation of CDC Eligible listed GDS
The Securities and Exchange Commission of Pakistan has mandated that all Collective Investment Schemes must use the GIS Revaluation Rates provided by the Pakistan Stock Exchange for valuing CDS Eligible Government of Pakistan Ijarah Sukuks. This directive is issued under the powers granted by the Companies Ordinance, 1984 and the Non-Banking Finance Companies and Notified Entities Regulations, 2008. These valuation requirements for listed government debt securities are effective immediately.
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN SPECIALIZED COMPANIES DIVISION FUND MANAGEMENT DEPARTMENT
No. SCD/PRDD/CIRCULAR/199/2025
Islamabad, February 04, 2025
Circular No 6 / 2025
Subject: Calculation of Net Asset Value by Collective Investment Schemes - Valuation of CDS Eligible Government Debt Securities (GDS) listed on Pakistan Stock Exchange Limited.
The Securities and Exchange Commission of Pakistan ("the Commission"), in the exercise of its powers under Section 282B(3) of the Companies Ordinance, 1984 read with Regulation 66(1) of the Non-Banking Finance Companies and Notified Entities Regulations, 2008 ("the Regulations"), hereby specifies that all Collective Investment Schemes ("CIS") shall use GIS Revaluation Rates disseminated by the Pakistan Stock Exchange Limited for valuation of CDS Eligible Government of Pakistan Ijarah Sukuks which are listed on the Pakistan Stock Exchange Limited with immediate effect.
Commissioner (SCD)
Distribution:
- SECP officer website
- Mutual Fund Association of Pakistan
- Trustee(s)
- Office Copy