Islamabad, August 27, 2025 – The Securities and Exchange Commission of Pakistan (SECP) has successfully concluded a comprehensive round of stakeholder consultations on the proposed amendments to the Private Fund Regulations, 2015.
The initiative reflects the SECP’s commitment to promoting transparency, inclusivity, and regulatory alignment with global best practices.
According to a news release, the consultation sessions were designed to raise awareness and encourage dialogue between the regulator and industry participants. Attendees included fund managers, industry experts, legal advisors, multilateral donor agencies, and other stakeholders who actively contributed to shaping the regulatory framework.
The first consultation session took place in Islamabad on July 30, followed by subsequent sessions in Lahore and Karachi on August 18 and August 27, respectively. These engagements followed the publication of a Consultation Paper by SECP in July 2025, which incorporated earlier industry feedback and outlined potential improvements to the existing regulatory regime.
Proposed changes to the Private Fund Regulations, 2015 include clearer definitions of private fund subtypes, enhanced investor eligibility criteria, and strengthened governance mechanisms to foster greater transparency and investor confidence. SECP emphasized that these reforms aim to encourage sustainable growth of Pakistan’s private equity and venture capital sectors while attracting diversified investment.
Stakeholders have been encouraged to submit their final feedback on the proposed amendments by September 5, 2025, ensuring the process remains collaborative and industry-driven.