For advisory services: SECP prescribes new requirement

KARACHI: In line with its objectives of promoting good governance practices, ensuring investor protection and having skilled investment advisers, the Securities and Exchange Commission of Pakistan (SECP) has prescribed certification requirement for all those providing advisory services to capital market customers. According to a press statement released on Tuesday, consultants would be required to obtain the Financial Advisors Certification offered by the Institute of Financial Markets of Pakistan. Furthermore, people distributing mutual fund units would also be required to obtain the same certification. In order to facilitate compliance with the requirement, advisers have been given a year to obtain the certification.

Published in The Express Tribune, May 17^th, 2017.

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