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Friday, January 10, 2025

Home Business SECP issues Master Circular for AMCs

SECP issues Master Circular for AMCs

by News desk
July 9, 2020
in Business

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Staff Reporter

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 up to July 1, 2020 aims to draw together different enactments on a topic into a single chapter.
Thus, it has divided the circulars into sixteen topics/chapters inter-alia; categorization of collective investment schemes and investment avenues; disclosure requirements; exchange traded funds, performance benchmarks for collective investment schemes and risk management and compliance, etc.