RegAlert2025-03-28
Added · Updated
Circular No. 8 of 2025-KFS
Asset Management Companies must incorporate a Key Fact Statement as the second page of Offering Documents for Collective Investment Schemes to ensure investor clarity. The document mandates that AMCs provide approved KFS versions before soliciting new investments, make them accessible on digital portals, and obtain explicit investor acknowledgment of receipt and understanding at the point of sale. New schemes must comply by April 30, 2025, while existing perpetual schemes must update their documentation by June 30, 2025, with supplemental constitutive documents submitted to the Commission within one week of amendment.
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SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
SPECIALIZED COMPANIES DIVISION
FUND MANAGEMENT DEPARTMENT
No. SCD/PRDD/CIRCULAR/25/2025
March 27, 2025
Circular No. 8 of 2025
Subject: Introducing Issuing of Key Fact Statement by AMCs to Investors
This is further to Clause (x) of the Direction No. 31 of 2016 dated September 22, 2016. The Securities and Exchange Commission of Pakistan (the “Commission”) in exercise of its powers conferred under Section 282(B)(3) of the Companies Ordinance, 1984 (XLVII of 1984), hereby directs the Asset Management Companies (AMCs) to incorporate a Key Fact Statement (KFS), as second to the title page of the Offering Document (OD) and/or Supplemental Offering Document (SOD) in case of offering of Investment Plans or amendment in the fundamental attribute, to achieve clarity and ease of understanding for the investors enabling them to make a well-informed investment decision.
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Lineage: In force
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.