{"id":335150,"date":"2023-06-03T09:47:54","date_gmt":"2023-06-03T04:47:54","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=335150"},"modified":"2023-06-03T09:47:54","modified_gmt":"2023-06-03T04:47:54","slug":"secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\/","title":{"rendered":"SECP prescribes rating requirement for investment in short term instruments by CISs"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nTo protect unitholders\u2019 investments in various schemes launched by asset management companies (AMCs) and to improve transparency and efficiency, the Securities and Exchange Commission of Pakistan (SECP) has specified rating requirement for investment in short term debt instruments by open-ended collective investment schemes (CIS).<br \/>\nThe new requirements have been notified through Circular No. 9 of 2023, which is available at https:\/\/www.secp.gov.pk\/document\/circular-no-9-of-2023-short-term-rating-requirements-for-cis\/?wpdmdl=47944&#038;refresh=6479d45fa814f1685705823.<br \/>\nThe requirements have been introduced through amendments in earlier issued Circular No. 7 of 2009 (Categorization of Open-End Collective Investment Schemes). The amendments were made in consultation with Mutual Fund Association of Pakistan (MUFAP), Pakistan Credit Rating Agency Limited (PACRA) and VIS Credit Rating Co. Limited (VIS).<br \/>\nThrough the said amendments, the credit rating of any short-term security in the portfolio of money market scheme shall not be lower than A1 (A One), whereas in case of income schemes, the rating of any short-term security in the portfolio shall not be lower than A 3 (A Three). Further, in case of Shariah Compliant (Islamic) Scheme, the rating of short-term instruments in the portfolio shall not be lower than A 2 (A Two). Likewise, in case of Balanced Scheme, the rating of any short-term debt security in the portfolio shall not be lower than A 2 (A Two).<br \/>\nThe AMCs whose open-ended CISs have already taken exposure in below rated short term debt instruments shall comply with the requirement within a period of six (6) months from the date of publication of the Circular.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD To protect unitholders\u2019 investments in various schemes launched by asset management companies (AMCs) and to improve transparency and efficiency, the Securities and Exchange Commission of Pakistan (SECP) has specified rating requirement for investment in short term debt instruments by open-ended collective investment schemes (CIS). The new requirements have been notified through Circular No. 9 [&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-335150","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 prescribes rating requirement for investment in short term instruments by CISs<\/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-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP prescribes rating requirement for investment in short term instruments by CISs\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD To protect unitholders\u2019 investments in various schemes launched by asset management companies (AMCs) and to improve transparency and efficiency, the Securities and Exchange Commission of Pakistan (SECP) has specified rating requirement for investment in short term debt instruments by open-ended collective investment schemes (CIS). The new requirements have been notified through Circular No. 9 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\/\" \/>\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=\"2023-06-03T04:47:54+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 type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\\\/\"},\"author\":{\"name\":\"Web Desk\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/person\\\/6ef8309590ff620a99ce35559f54fd62\"},\"headline\":\"SECP prescribes rating requirement for investment in short term instruments by CISs\",\"datePublished\":\"2023-06-03T04:47:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\\\/\"},\"wordCount\":262,\"publisher\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#organization\"},\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\\\/\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\\\/\",\"name\":\"SECP prescribes rating requirement for investment in short term instruments by CISs\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#website\"},\"datePublished\":\"2023-06-03T04:47:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SECP prescribes rating requirement for investment in short term instruments by CISs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/\",\"name\":\"Daily Lead Pakistan\",\"description\":\"Daily Lead Pakistan\",\"publisher\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#organization\",\"name\":\"Daily lead Pakistan\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/logo3.jpg\",\"contentUrl\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/wp-content\\\/uploads\\\/2022\\\/04\\\/logo3.jpg\",\"width\":1000,\"height\":154,\"caption\":\"Daily lead Pakistan\"},\"image\":{\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/DailyLeadPak\\\/\",\"https:\\\/\\\/x.com\\\/DailyLeadPak\",\"https:\\\/\\\/instagram.com\\\/DailyLeadPak\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/#\\\/schema\\\/person\\\/6ef8309590ff620a99ce35559f54fd62\",\"name\":\"Web Desk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g\",\"caption\":\"Web Desk\"},\"url\":\"https:\\\/\\\/leadpakistan.com.pk\\\/news\\\/author\\\/edt\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SECP prescribes rating requirement for investment in short term instruments by CISs","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/leadpakistan.com.pk\/news\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\/","og_locale":"en_US","og_type":"article","og_title":"SECP prescribes rating requirement for investment in short term instruments by CISs","og_description":"ISLAMABAD To protect unitholders\u2019 investments in various schemes launched by asset management companies (AMCs) and to improve transparency and efficiency, the Securities and Exchange Commission of Pakistan (SECP) has specified rating requirement for investment in short term debt instruments by open-ended collective investment schemes (CIS). The new requirements have been notified through Circular No. 9 [&hellip;]","og_url":"https:\/\/leadpakistan.com.pk\/news\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\/","og_site_name":"Daily Lead Pakistan","article_publisher":"https:\/\/www.facebook.com\/DailyLeadPak\/","article_published_time":"2023-06-03T04:47:54+00:00","author":"Web Desk","twitter_card":"summary_large_image","twitter_creator":"@DailyLeadPak","twitter_site":"@DailyLeadPak","twitter_misc":{"Written by":"Web Desk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/leadpakistan.com.pk\/news\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\/#article","isPartOf":{"@id":"https:\/\/leadpakistan.com.pk\/news\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\/"},"author":{"name":"Web Desk","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/person\/6ef8309590ff620a99ce35559f54fd62"},"headline":"SECP prescribes rating requirement for investment in short term instruments by CISs","datePublished":"2023-06-03T04:47:54+00:00","mainEntityOfPage":{"@id":"https:\/\/leadpakistan.com.pk\/news\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\/"},"wordCount":262,"publisher":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#organization"},"articleSection":["Business"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/leadpakistan.com.pk\/news\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\/","url":"https:\/\/leadpakistan.com.pk\/news\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\/","name":"SECP prescribes rating requirement for investment in short term instruments by CISs","isPartOf":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#website"},"datePublished":"2023-06-03T04:47:54+00:00","breadcrumb":{"@id":"https:\/\/leadpakistan.com.pk\/news\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/leadpakistan.com.pk\/news\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/leadpakistan.com.pk\/news\/secp-prescribes-rating-requirement-for-investment-in-short-term-instruments-by-ciss\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/leadpakistan.com.pk\/news\/"},{"@type":"ListItem","position":2,"name":"SECP prescribes rating requirement for investment in short term instruments by CISs"}]},{"@type":"WebSite","@id":"https:\/\/leadpakistan.com.pk\/news\/#website","url":"https:\/\/leadpakistan.com.pk\/news\/","name":"Daily Lead Pakistan","description":"Daily Lead Pakistan","publisher":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/leadpakistan.com.pk\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/leadpakistan.com.pk\/news\/#organization","name":"Daily lead Pakistan","url":"https:\/\/leadpakistan.com.pk\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/logo\/image\/","url":"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2022\/04\/logo3.jpg","contentUrl":"https:\/\/leadpakistan.com.pk\/news\/wp-content\/uploads\/2022\/04\/logo3.jpg","width":1000,"height":154,"caption":"Daily lead Pakistan"},"image":{"@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/DailyLeadPak\/","https:\/\/x.com\/DailyLeadPak","https:\/\/instagram.com\/DailyLeadPak\/"]},{"@type":"Person","@id":"https:\/\/leadpakistan.com.pk\/news\/#\/schema\/person\/6ef8309590ff620a99ce35559f54fd62","name":"Web Desk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/41f05ebf0a510062a26cf1d9e662155a6901c6733aa66a6c0f61daea3d680dc7?s=96&d=mm&r=g","caption":"Web Desk"},"url":"https:\/\/leadpakistan.com.pk\/news\/author\/edt\/"}]}},"_links":{"self":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts\/335150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/comments?post=335150"}],"version-history":[{"count":1,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts\/335150\/revisions"}],"predecessor-version":[{"id":335182,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/posts\/335150\/revisions\/335182"}],"wp:attachment":[{"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/media?parent=335150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/categories?post=335150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leadpakistan.com.pk\/news\/wp-json\/wp\/v2\/tags?post=335150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}