SECP forms body to work out plan for development of private pension market

ISLAMABAD: While gearing up its efforts to develop private pension and annuity market in Pakistan, the Securities and Exchange Commission of Pakistan (SECP) has formed a Pension and Annuity Working Group (PAWG). The Group, having representation of the regulator, Asset Management Companies (AMCs), life insurance companies and the actuarial profession… Continue reading

SECP issues Master Circular for Asset Management Companies

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), to facilitate mutual fund industry has issued a Master Circular for Asset Management Companies (AMCs) and Investment Advisor (IAs) consolidating all existing, applicable circulars, directions and clarifications. The consolidation of all past circulars, issued by the SECP from January 06, 2009… Continue reading

SECP extends timeline for AMCs to complete Investor’s Suitability Assessment

ISLAMABAD: To provide mutual fund industry further relief in fulfilling regulatory compliance requirements during COVID-19 pandemic, the Securities and Exchange Commission of Pakistan (SECP) has extended the timeline for Asset Management Companies (AMCs) to meet investor’s suitability assessment requirements, stipulated in Circular No 2 of 2020. The extended timeline is… Continue reading