ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified amendments to the Non-Banking Financial Companies (NBFC) and Notified Entities Regulations, 2008.
The SECP held detailed consultative sessions, especially with the Mutual Funds Association of Pakistan (MUFAP) and trustees of the mutual funds as key stakeholders.
As part of its continuous efforts for development of the capital markets, and mutual funds in particular, the amendments are aimed at strengthening the existing regulatory framework as well as extend operational flexibility to fund managers.
It is an important step forward for a more conducive regulatory framework to fuel growth of the mutual funds industry, said a statement issued here on Tuesday.
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