ISLAMABAD: Securities and Exchange Commission (SECP) has allowed Asset Management Companies (AMCs) for digital pension account opening. A Circular No. 03 of 2021 has been issued under which the SECP allowed Pension Fund Managers registered under Voluntary Pension System Rules, 2005 to digitally open individual pension accounts by complying with the requirements prescribed for digital […]

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Thursday issued criteria for opening of digital accounts for Pakistani individual customers by Asset Management Companies (AMCs). Following is minimum criteria for opening of digital accounts for Pakistani Individuals by AMCs: Eligible customers; 01. Pakistani individual customers having: i. an active account at any bank/active […]

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has extended date for Asset Management Companies (AMCs) to comply with mandatory requirement of providing investor’s suitability assessment. A statement issued on Wednesday the SEPC said that to provide mutual fund industry further relief in fulfilling regulatory compliance requirements during COVID-19 pandemic the regulator has extended the […]

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has prescribed conditions for lending of securities by Asset Management Companies on behalf of Collective Investment Schemes. The SECP issued Circular No. 18 of 2019 dated December 20, 2019 and prescribed the following conditions for lending of securities by Asset Management Companies on behalf of Collective Investment […]