Regulatory Alerts2023-09-27
Added · Updated
Securities and Futures Advisors Regulations 2017
The Securities and Exchange Commission of Pakistan establishes licensing requirements for securities and futures advisers, prohibiting unlicensed entities from performing advisory functions. The regulations define specific categories including distributors of Collective Investment Schemes and Voluntary Pension Fund units, and outline eligibility criteria for companies and individuals, such as fit-and-proper tests and mandatory certifications. Licensed entities must maintain membership in approved associations, adhere to codes of conduct, and submit annual compliance affidavits and fees as specified in the regulations.
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