RegAlert2025-10-23
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Circular No.9 of 2025- Disclosure Requirement by Collective Investment Schemes in Fund Manager Report
The Securities and Exchange Commission of Pakistan mandates that Asset Management Companies disclose actual expense charges rather than maximum allowable limits in Fund Manager Reports. The rule requires specific quantitative metrics including portfolio turnover, information ratio, yield to maturity, duration, beta, and standard deviation, with additional index and tracking difference details for Exchange Traded Funds. MUFAP must finalize a standardized calculation methodology within 30 days, after which AMCs must immediately adopt these disclosure requirements.
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SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
SPECIALIZED COMPANIES DIVISION
FUND MANAGEMENT DEPARTMENT
No. SCD/AMCW/2024/256 March 27, 2025
Circular No. 9 of 2025
Subject: Disclosure Requirements by Collective Investment Schemes in Fund Manager Report.
In order to enhance transparency and to enable the unitholders/investors for making informed investment decisions, the Securities and Exchange Commission of Pakistan (the “Commission”) in exercise of powers conferred in terms of Section 282B(3) of the Companies Ordinance, 1984 read with Regulation 38 and Schedule V of the Non-Banking Finance Companies and Notified Entities Regulations, 2008, hereby specifies following additional requirements for the Asset Management Companies (AMCs) when disclosing information in the Fund Manager Report (FMR):
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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.