Securities and Exchange Commission of Pakistan (SECP) has initiated a public consultation process to revamp the regulatory framework for mutual funds and pension funds. The commission aims to introduce changes that will benefit investors by reducing costs, enhancing returns, and improving accessibility.
A consultation paper outlining proposed alterations to the Total Expense Ratio (TER) and distribution models for both mutual funds and pension funds has been released by SECP. The paper seeks to address issues hindering the growth of the distribution network and impacting retail penetration.
SECP is inviting feedback from stakeholders on the proposed changes, which are designed to align with international best practices and ensure a more equitable and transparent investment landscape.
The consultation paper is available on the SECP website for public review.