The Pensions Wing is responsible for developing and regulating the activities of private pensions in Pakistan. It is headed by Mr.Akif Saeed, Executive Director. The SECP has been recently entrusted with the regulation of private pensions and the Pensions Wing has become responsible for registration, regulatory compliance and enforcement of all applicable laws on private pension systems in Pakistan. Presently, the Wing is implementing Voluntary Pension System under the Voluntary Pension System Rules, 2005.

	PENSIONS WING
	about the dEPARTMENT
	laws administered by the department
		LIST OF LAWS
		DRAFT AMENDMENTS
		IN PROGRESS
	REGULATORY DEVELOPMENTS
	MARKET DEVELOPMENTS

LIST OF LAWS

The Department monitors and ensures improved compliance with the following corporate laws and regulations through vigilant monitoring and enforcement actions.

Companies Ordinance, 1984

Voluntary Pension System Rules, 2005

DRAFT AMENDMENTS

Presently, there are no draft amendments in process.

IN PROGRESS

Following guidelines are being prepared under the Voluntary Pension System Rules, 2005 (VPS Rules, 2005):

Guidelines on Registration of pension fund manager under Rule 3 of the VPS Rules, 2005.

Guidelines on authorization of pension fund under Rule 9(1) of the VPS Rules, 2005.

Guidelines on Advertisements and Invitations under Rule 22 of the VPS Rules, 2005.

Guidelines on appointment of trustee under Rule 29 of the VPS Rules, 2005

Guidelines on publication of performance of pension fund manager and comparative statement of pension funds under Rule 4 Rule 41 of the VPS Rules, 2005.

Guidelines on distribution and marketing of the Voluntary Pension Fund Products under Rule 43 of the VPS Rules, 2005.