Regulatory Alerts2025-02-19
Added · Updated
Circular No. 17 of 2024 - Declaration under Section 32(1)(d) of the Insurance Ordinance, 2000
The Securities and Exchange Commission of Pakistan declares specific related party assets and unit-linked fund investments admissible for solvency requirements from January 1, 2025, to December 31, 2025. Admissible assets include cash in related party banks, receivables due for three months or less, reinsurance recoveries, and investments in listed equity securities, sukuk, and mutual funds, subject to prescribed percentage limits. All other assets under section 32(2) remain inadmissible, and existing specific declarations continue to operate according to their original validity periods.