The mutual fund’s industry in Pakistan is regulated by the SECP with an objective of protection of the investors and promotion and development of the capital market in the country.
SECP has notified the Non-Banking Finance Company Rules, 2003, and the Non-Banking Finance Companies & Notified Entities Regulations, 2008, which specify key parameters for AMCs to ensure their conduct in relation to the management of a mutual fund is acceptable. The regulatory framework requires adequate disclosure by the AMCs in relation to a mutual fund, to enable investors to make informed investment decisions.
The governing regulatory framework for the mutual fund industry includes: