Islamabad: As part of its inclusive and transparent legislative process, the Securities and Exchange Commission of Pakistan (SECP) held stakeholder consultation sessions in Islamabad, Lahore, and Karachi. The sessions, which saw participation from industry representatives, fund managers, multilateral donor agencies, legal advisors, and other stakeholders, were aimed at creating awareness about proposed revisions to the Private Fund Regulations, 2015, and served as a platform for discussion and collaboration between the regulator and the industry. The first session was held in Islamabad on July 30, followed by sessions in Lahore and Karachi on August 18 and August 27, 2025, respectively. The sessions follow the SECP’s publication of a Consultation Paper in July 2025, which was drafted subsequent to earlier feedback received from the industry. The paper highlights proposed amendments to the private fund regulations that provide a more structured and globally aligned approach to regulating private equity and venture capital funds. Proposed changes include clearly defined subtypes of private funds, expanded investor eligibility, and enhanced governance. The SECP encourages all relevant stakeholders to share their views on the proposed amendments by September 5, 2025, at muhammad.hammad@secp.gov.pk. APP
