The Securities and Exchange Commission of Pakistan (SECP) held a consultative meeting today with the Mutual Funds Association of Pakistan (MUFAP) to discuss recent developments in the mutual fund industry and the roadmap for future reforms aimed at enhancing transparency, investor protection, and financial inclusion.
In its continued pursuit of strengthening investor awareness, the SECP discussed the establishment of a Market Development Fund aimed at deepening public engagement with mutual funds.
This fund is envisioned to serve as a key driver for enhancing investor education, broadening retail participation, and furthering the objectives of inclusive financial growth.
It was also agreed to apply concerted efforts towards investor outreach through an effective distribution model, leveraging the benefits of fintech via a robust digital strategy, and transitioning towards shariah-compliant practices. The SECP reaffirmed its enduring commitment to fostering a well-regulated, transparent, and investor-friendly capital market ecosystem.
The Commission continues to prioritize investor rights, protection, and enhanced disclosure standards to build investor confidence and promote sustainable growth of the asset management industry.
The meeting was attended by the Chairman SECP, the Commissioner Specialized Companies Division, the Executive Director Specialized Companies Division, and the Heads of Departments of Specialized Companies Division, underscoring SECP’s strong commitment to collaborative engagement with the industry.
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