Regulatory Alerts2024-12-23
Added · Updated
Requirements of Investment Plans Offered Under Collective Investment Schemes
The Securities and Exchange Commission of Pakistan has established comprehensive operational, disclosure, and expense requirements for investment plans under collective investment schemes, limiting the number of active plans per shell structure. Asset management companies must ensure strict adherence to these guidelines, including specific constraints on fund duration, minimum plan size, and equitable expense allocation, within a 180-day compliance window. This circular mandates transparent reporting in fund manager reports and imposes formal approval processes for all future investment plan launches to protect unit holders.
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