Regulatory Alerts2025-02-28
Added · Updated
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.
Topics
Share