Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has published a Consultation Paper proposing significant amendments to the Private Fund Regulations, 2015, inviting comments from the public and all relevant stakeholders. The proposed amendments introduce a more structured and globally aligned approach to private fund regulation. Key changes include streamlined terminology, with the consolidation of Private Equity and Venture Capital under a unified “Private Fund” framework, along with clearly defined subtypes aligned with international classifications. The amendments also expand investor eligibility by introducing income-based thresholds and formally defining Qualified Institutional Buyers (QIBs) to broaden access while maintaining investor protection.
