Flow chart of stages through to the launch of a Pension Fund
Asset Management Companies and the Life Insurance companies are eligible to apply for
registration as Pension Fund Manager (PFM). Following chart gives an account of different stages
through to the launch of Pension Funds under the Voluntary Pension System (VPS) Rules, 2005.
STAGE I: Registration as Pension Fund Manager
Eligible Entities:
- Asset Management Company: A fund Management experience of three years is a pre-requisite to apply for registration.
- Investment Advisory Company: To the extent of managing employee pension funds
- Life Insurance Company
Procedure:
Application to be submitted to the Licensing Department, SECP Head Quarter Islamabad to carry out business as a Pension Fund Manager as per the checklist.
STAGE II: Approval of public invitation documents
- Submission of public invitation documents to SECP for approval
- Review/ appraisal
- Grant of approval
Disclaimer:
The information contained on this page is for general guidance on formation of a Fund Management Company (“FMC”). Accordingly, the information on this page is provided with the understanding that the Securities and Exchange Commission of Pakistan (the “Commission”) is not herein engaged in rendering legal, or otherwise professional advice and services. All information on this page is provided “as is”, with no assurance of any kind, express or implied. In no event will the Commission or its officers be liable to you or anyone else for any decision made or action taken in reliance on the information contained on this page or for any consequential damage.