Regulatory Alerts2020-08-24
Added · Updated
Private Funds Regulations 2015 (updated as of July 08 2020)
The Securities and Exchange Commission of Pakistan amended the Private Funds Regulations 2015 to redefine 'Eligible Investor' as a person with net assets of at least Rs. 15 million, replacing the previous minimum investment threshold. The regulations also lowered the minimum equity requirement for Private Fund Management Companies from Rs. 30 million to Rs. 10 million and extended the deadline for existing unregistered funds to apply for registration from three to four months. Additionally, the definitions for 'Private Equity and Venture Capital Fund' and 'Trustee' were updated to align with current legal structures and regulatory frameworks.