Regulatory Alerts2025-12-15
Added · Updated
Framework and Application Pack for Registration of Regulated Persons and Registered Service Providers
The Mutual Funds Association of Pakistan establishes policies and procedures for the initial registration of Regulated Persons and Registered Service Providers, as well as the re-registration of existing members. Regulated Persons must hold a valid SECP license and submit Form MUFAP-R1A with supporting documents, while Registered Service Providers must meet Fit and Proper Criteria and submit Forms MUFAP-R1B, R1C, or R1D. Existing members must submit Form MUFAP-R2A and an undertaking to remain registered. The Board decides on registrations within 30 days, extendable to 90 days, and all entities must renew registration annually within 90 days of the financial year-end using Form MUFAP-R3.
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