The Securities and Exchange Commission of Pakistan (SECP) has laid down additional requirements for Asset Management Companies (AMCs) to Advertised Open End Collective Investment Schemes. In this regard, the SECP has issued direction number 12 of 2017 here on Friday. According to the SECP, the directions have been issued after Circular No 16 of 2014 on "Requirements for Asset Management Companies to Advertised Open End Collective Investment Schemes."

Copyright Business Recorder, 2017