RegAlert2026-07-01
Added · Updated
Framework for ESG Mutual Fund Categorization
The Securities and Exchange Commission of Pakistan introduces a new "ESG Scheme" category for open-end Collective Investment Schemes, requiring a minimum of 50% of net assets to be invested in instruments aligned with specific ESG strategies such as negative screening, integration, best-in-class, or impact investing. Equity-oriented schemes must apply objective, board-approved assessment methodologies to listed companies, while debt-oriented schemes must invest the qualifying portion in green, social, or sustainability-linked bonds. Asset Management Companies are mandated to disclose detailed ESG strategies, screening criteria, and risks in offering documents, include Fund Manager commentaries in annual reports, and maintain at least 10% of net assets in cash or near-cash instruments.
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SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
SPECIALIZED COMPANIES DIVISION
FUND MANAGEMENT DEPARTMENT
No. SCD/CIRCULAR/2026/369 June 24, 2026
Circular No. 12 of 2026
Subject: Categorization of Open-End Collective Investment Schemes
In exercise of the powers conferred under section 282B(3) of the Companies Ordinance, 1984 read with sub-regulation (2) of Regulation 55 of the Non-Banking Finance Companies and Notified Entities Regulations, 2008 (the “Regulations”), the Securities and Exchange Commission of Pakistan (the “Commission”), is pleased to allow a new type of Collective Investment Scheme (CIS) to be categorized as "ESG Scheme" subject to compliance with the following requirements:
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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.