Regulatory Alerts2026-07-29
Added · Updated
Master Circular for Mutual Funds, CIS and Investment Advisory Services
The Securities and Exchange Commission of Pakistan establishes simplified criteria for Asset Management Companies to open digital accounts for Pakistani individuals and POC holders, categorizing them into Sehl, Sahulat Sarmayakari, and Sarmayakari tiers with specific annual investment, cumulative, and transaction limits. The document mandates digital onboarding procedures, including NADRA verification, sanctions screening, and OTP-based identity confirmation, while permitting reliance on third-party reporting entities for identity checks via secure API integration. It requires AMCs to complete due diligence within three working days, enforce data privacy through encrypted real-time transfers, and ensure existing accounts comply with these digitization standards within six months.