RegAlert2022-08-17
Added · Updated
Master Circular for Mutual Funds, Collective Investment Schemes, and Investment Advisory Services
The Securities and Exchange Commission of Pakistan establishes comprehensive regulatory frameworks for the digital onboarding of customers by Asset Management Companies, defining three account tiers with specific investment limits and verification requirements. It mandates strict due diligence procedures, including NADRA verification, sanctions screening, and digital identity checks, while setting maximum three-day turnaround times for account opening decisions. The circular further regulates digital distribution platforms by imposing design, information disclosure, and conflict of interest standards for entities distributing Collective Investment Schemes and Voluntary Pension Funds.
SECP published 3 documents in the last 30 days — get each new one by email the day it lands.
MASTER CIRCULAR
MUTUAL FUNDS/COLLECTIVE INVESTMENT SCHEMES/ INVESTMENT ADVISORY SERVICES Specialized Companies Division Disclaimer:
This Master Circular is a compilation/collection of all the existing/applicable Circulars and Directions issued by the Commission in relation to Specialized Companies Division of Securities and Exchange Commission of Pakistan from time to time for regulation of Collective Investment Schemes/Mutual Funds/Investment Advisory Services. This document includes all circulars issued from January 06, 2009 up to July 05, 2022 which are already in force unless otherwise revised or repealed by the Commission. In case of any inconsistency between the Master circular and the applicable circular, the contents of the relevant circular shall prevail.
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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.