Regulatory Alerts2022-10-13
Added · Updated
Circular No. 10 of 2022 – Sales Load being charged by CIS
The Securities and Exchange Commission of Pakistan directs Asset Management Companies to cap cumulative sales loads at 3% of NAV per unit, with reduced maximums of 1.5% for direct investments via the AMC’s own online portal. AMCs must provide clear disclosures of sales load rates, obtain signed acknowledgments from unit holders, and issue detailed investment breakup statements within 48 hours of fund realization. For investments made through third-party online portals, AMCs are required to display these disclosures prominently in English and Urdu via a pop-up interface that allows investors to accept or decline the terms.
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