SRO 117 (I)/2020 Draft Amendments to Private Funds Regulations 2015

GOVERNMENT OF PAKISTAN
Securities and Exchange Commission of Pakistan -.-.- Islamabad 18 th February, 2020 NOTIFICATION S.R.O. 117 (I)/2020.- The following draft amendments to the Private Funds Regulations, 2015, proposed to be made by the Securities and Exchange Commission of Pakistan, in exercise of the powers conferred by sub-section (2) of section 282B of the Companies Ordinance, 1984 (XLVII of 1984), read with the Securities and Exchange Policy Board’s directive vide notification S.R.O. 1620(I)/2019, dated December 24, 2019, are hereby published for information of all persons likely to be affected thereby and notice is hereby given that comments, if any, received within fourteen days of the date of this notification will be taken into consideration, namely:- DRAFT AMENDMENTS In the aforesaid Regulations, for Schedule I, the following shall be substituted namely,- “Schedule I* [see Rule 7A and Regulation 5(4)] A) Application Fees under the Rules:
S# Form Subject of application Amount
(in Rs.)
1 Form I Application for permission to form Private Fund Management Company 250,000 2 Form II Application for license to carryout Private Equity and Venture Capital Fund Management Services 500,000 3 Form III Application for renewal of license to carry out Private Equity and Venture Capital Management Services Nil B) Application Fees under these Regulations: [Regulation 5(4)] S# Form Subject of application Amount (in Rs.) 1 Form I Application for registration of a Private Fund 500,000/- C) Other Fees: [Regulation 15] S# HEAD of FEE AMOUNT (Rs,) 1 Annual Fee for Private Fund 250,000/- *Schedule of fee revised as per the direction of the Securities and Exchange Policy Board vide S.R.O. 1620(I)/2019, dated December 24, 2019. No. SCD/NBFC/NBFCR/2019 -