Regulatory Alerts2024-03-20
Added · Updated
Non-Banking Finance Companies and Notified Entities Regulations, 2008
The Securities and Exchange Commission of Pakistan enforces regulations governing Non-Banking Finance Companies and Notified Entities, covering leasing, investment finance, housing finance, asset management, and pension fund management. The document establishes comprehensive definitions for key terms including Collective Investment Schemes, Closed End Funds, Digital Lending, and Peer-to-Peer Lending. It specifies eligibility criteria for entities such as deposit-taking NBFCs, discount houses, and micro-financing providers, while defining liquid assets and exposure limits. These regulations apply to all licensed NBFCs and notified entities managing the specified financial services and business activities.