{"id":308750,"date":"2023-01-21T09:48:55","date_gmt":"2023-01-21T04:48:55","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=308750"},"modified":"2023-01-21T09:48:55","modified_gmt":"2023-01-21T04:48:55","slug":"secp-issues-master-circular-for-mutual-funds-ciss-and-iass","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/secp-issues-master-circular-for-mutual-funds-ciss-and-iass\/","title":{"rendered":"SECP issues Master Circular for Mutual Funds, CISs, and IASs"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nIn order to facilitate the asset management industry and to ensure compliance with statutory\/regulatory requirements in an efficient manner, the Securities and Exchange Commission of Pakistan (SECP) has issued an updated Master Circular for Asset Management Companies (AMCs) and Investment Advisors (IAs).<br \/>\nThe Master Circular is a compilation of all applicable circulars, directions and clarifications issued by the SECP from time to time for regulation of collective investment schemes (CIS) \/mutual funds\/ investment advisory services (IASs).<br \/>\nThe Master circular covers matters related to digitization, advertisements, categorization of CIS and investment avenues, disclosure requirements, Constant Proportion Portfolio Insurance (CPPI) based schemes, exchange traded funds (ETFs), performance benchmarks for CIS, and selling and marketing of CIS.<br \/>\nIt also covers sales load and expenses, valuation and provisioning, mandatory certifications for professionals of NBFCs and distribution of Units of CIS, outsourcing arrangements, risk management and compliance, merger of open-end schemes, procedure for unit holders meeting, separately managed accounts and closed end schemes.<br \/>\nThe said Master Circular is available at SECP\u2019s website at https:\/\/www.secp.gov.pk\/document\/circular-no-01-of-2023-master-circular-for-mutual-funds-mf-collective-investment-schemes-cis-investment-advisory-services-ias-updated-dec-31-2022\/?wpdmdl=46689&#038;refresh=63ca78533624f1674213459.<\/p>\n<p>In case of any inconsistency between the master circular and the applicable circular, the contents of the relevant circular shall prevail.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD In order to facilitate the asset management industry and to ensure compliance with statutory\/regulatory requirements in an efficient manner, the Securities and Exchange Commission of Pakistan (SECP) has issued an updated Master Circular for Asset Management Companies (AMCs) and Investment Advisors (IAs). The Master Circular is a compilation of all applicable circulars, directions and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-308750","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SECP issues Master Circular for Mutual Funds, CISs, and IASs<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/secp-issues-master-circular-for-mutual-funds-ciss-and-iass\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP issues Master Circular for Mutual Funds, CISs, and IASs\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD In order to facilitate the asset management industry and to ensure compliance with statutory\/regulatory requirements in an efficient manner, the Securities and Exchange Commission of Pakistan (SECP) has issued an updated Master Circular for Asset Management Companies (AMCs) and Investment Advisors (IAs). The Master Circular is a compilation of all applicable circulars, directions and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/secp-issues-master-circular-for-mutual-funds-ciss-and-iass\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-21T04:48:55+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script 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