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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) in order to facilitate and create an enabling environment for the Asset Management Companies (AMCs)/Investment Advisors (IAs) and ensure compliance of statutory / regulatory requirements pertaining to Collective Investment Schemes/ Investment Advisory Services, has issued a master circular containing consolidated circulars.

The SECP has issued a master circular here on Tuesday for Mutual Funds/Collective Investment Schemes/ Investment Advisory Services. The comprehensive circular containing 114 pages covers all relevant areas.

Stakeholders have highly appreciated the initiative of Farrukh Sabzwari, Commissioner (SCD), for issuing master circular, which would also work as a guide for the Mutual Funds/Collective Investment Schemes/ Investment Advisory Services.

This Master Circular is a compilation/collection of all the existing/applicable Circulars and Directions issued by the Commission in relation to Specialized Companies Division of SECP from time to time for regulation of Collective Investment Schemes /Mutual Funds/Investment Advisory Services.

This document includes all circulars issued from January 06, 2009 up to April 09, 2020 which are already in force unless otherwise revised or repealed by the Commission.

In case of any inconsistency between the Master circular and the applicable circular, the contents of the relevant circular shall prevail, SECP added.