ISLAMABAD -To offer mutual fund trade additional reduction in fulfilling regulatory compliance necessities throughout COVID-19 pandemic, the Securities and Change Fee of Pakistan (SECP) has prolonged the timeline for AMCs to satisfy investor’s suitability evaluation necessities, stipulated in Round No 2 of 2020. The prolonged timeline is July 24, 2020, mentioned a press launch issued right here. SECP’s suitability evaluation necessities require AMCs to categorise the CIS and funding plans with reference to the chance of precept erosion, starting from very low danger for cash market funds to excessive danger for fairness funds. AMCs had been additionally required to make sure suitability of CIS/Plan to the investor and assess the chance profiles of buyers earlier than his/her funding in any particular product or technique. Efficient implementation of AMCs danger profiling mechanism will be certain that the investor makes an knowledgeable funding resolution whereas investing in any mutual fund/plan, as per his/her danger profile.

Brazil, Mexico register extra virus-related fatalities

Brazil, Mexico register extra virus-related fatalities