RegAlert2025-01-06
Added · Updated
Requirements for Investment Plans Offered Under Collective Investment Schemes
Asset Management Companies are restricted to offering a maximum of six active Investment Plans within a Shell Structure Collective Investment Scheme, with specific limits for Fund of Funds and Asset Allocation schemes. The circular mandates a minimum plan size of fifty million rupees, caps fixed maturity plan durations at five years, and requires separate daily Net Asset Value calculations for each plan. Existing non-compliant plans must be merged or revoked within 180 days, while new plans must adhere to strict disclosure, fee, and operational guidelines.
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SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
SPECIALIZED COMPANIES DIVISION
FUND MANAGEMENT DEPARTMENT
No. SCD/CIRCULAR/ 171 /2024
December 23, 2024
Circular No. 25 of 2024
Subject: Requirements for Investment Plans Offered Under Collective Investment Schemes
The Securities and Exchange Commission of Pakistan (“the Commission”) in exercise of the powers conferred under section 282B(3) of the Companies Ordinance, 1984 read with Regulation 44(8)(proviso) of the Non-Banking Finance Companies and Notified Entities Regulations, 2008 (the “Regulations”) hereby specifies the following terms and conditions for the Asset Management Companies (AMCs) in order to offer Investment Plans under the Collective Investment Schemes (CIS) managed by them:
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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.