Regulatory Alerts2025-10-23
Added · Updated
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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