Regulatory Alerts2008-08-20
Added · Updated
Private Equity and Venture Capital Fund Regulations 2008
The Securities and Exchange Commission of Pakistan establishes regulations for the registration and operation of Private Equity and Venture Capital Funds. Fund Management Companies must maintain a minimum paid-up capital of Rupees thirty million and ensure funds have at least Rupees two hundred and fifty million in investible capital. The rules mandate specific governance standards, including the appointment of independent trustees, arm's length transactions, and strict reporting deadlines for financial statements and Net Asset Values.
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