RegAlert2026-09-25
Added
Circular No. 20 of 2026 – Mandatory offering of passive equity Sub-Funds by PFMs
Every Pension Fund Manager must offer a Passive Equity Sub-fund, constituted as an Index Sub-fund or an Exchange Traded Fund Sub-fund, for each Voluntary Pension Fund under its management. Pension Fund Managers must amend the constitutive documents of these funds to ensure compliance before January 01, 2027. This requirement does not apply to Employer Pension Funds and the Circular takes effect on January 01, 2027.
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SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN SPECIALIZED COMPANIES DIVISION PENSION DEPARTMENT
No. SECP/SCD/PD/Circular/2025/ September 25, 2026
Circular No. 20 of 2026
Subject: Mandatory Offering of Passive Equity Sub-Fund by Pension Fund Managers under the Voluntary Pension System Rules, 2005
In exercise of powers conferred under sub-section (3) of Section 282B of Companies Ordinance, 1984, read with sub-rule (2) of rule 9 and sub-rule (2) of rule 24 of the Voluntary Pension System Rules, 2005, the Securities and Exchange Commission of Pakistan is hereby pleased to specify the following, namely:
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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.