RegAlert2025-02-28
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Circular No. 11 of 2024 – Amendment in Investment and Allocation Policies for Pension Funds Authorised under the Voluntary Pension System Rules, 2005
The Securities and Exchange Commission of Pakistan amends Clause 1 under the heading “Allocation Policy” of Circular No. 12 of 2021 by adding a proviso to Table 2. This proviso requires Pension Fund Managers of Employer Pension Funds to offer allocation schemes based on the agreement between the employer and the manager, provided that the volatility of these schemes does not exceed the limits specified in the referenced tables. This amendment applies to Asset Management Companies, Mutual Funds Association of Pakistan members, and Trustees of Collective Investment Schemes.
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SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN SPECIALIZED COMPANIES DIVISION FUND MANAGEMENT DEPARTMENT
No. SCD/AMCW/PW/R/VPS/2024/ May 3, 2024
Circular No. 11 of 2024
Subject: Amendment in Investment and Allocation Policies for Pension Funds Authorized under the Voluntary Pension System Rules, 2005
The Securities and Exchange Commission of Pakistan in exercise of powers conferred under Section 282B(3) of the Companies Ordinance, 1984 read with sub-rule (3) of rule 24 of the Voluntary Pension System Rules, 2005; in furtherance to Circular No. 12 of 2021 dated April 06, 2021 and Circular No. 12 of 2022 dated November 28, 2022 hereby amends Clause No. 1 under the heading “Allocation Policy” of the Circular No. 12 of 2021 dated April 06, 2021. In the aforementioned clause, under “Table 2”, following proviso shall be added:
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Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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SECP published 3 documents in the last 30 days. We email you each new one the day it's published.