Regulatory Alerts2023-06-02
Added · Updated
Circular No. 9 of 2023 – Short term rating requirements for CIS
The Securities and Exchange Commission of Pakistan mandates minimum short-term debt security ratings for open-ended Collective Investment Schemes, specifying thresholds of A2, A1, and A3 for various categories. Asset Management Companies must ensure their balanced, Shariah-compliant, money market, and income schemes do not hold short-term instruments below these ratings. Entities with existing exposures to below-rated instruments are required to achieve compliance within six months from the circular's effective date.
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