ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has released an updated Master Circular aimed at streamlining regulatory requirements for the mutual fund industry. This comprehensive document serves as a single source for all applicable regulations for Asset Management Companies (AMCs) and Investment Advisers (IAs), incorporating a range of updates effective until June 30, 2026. Key areas covered include infrastructure funds, ESG funds, digital onboarding of investors, and enhancements to investment limits for low-risk investors.

According to Securities and Exchange Commission of Pakistan, the Master Circular consolidates regulations issued by the Commission from January 6, 2009, to June 30, 2026, for Collective Investment Schemes (CIS)/Mutual Funds and Investment Advisory Services. It includes guidelines on digitization, marketing, categorization of schemes, and compliance requirements. The circular also addresses performance benchmarks, risk management, and procedures for unit holders’ meetings among other areas.

In instances where discrepancies arise between the Master Circular and existing circulars, the contents of the specific circular will take precedence. The updated Master Circular is accessible on the SECP’s official website for public reference.