{"id":66780,"date":"2020-06-18T10:00:00","date_gmt":"2020-06-18T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66780"},"modified":"2020-06-17T17:36:49","modified_gmt":"2020-06-17T12:36:49","slug":"secp-amends-private-funds-regulations-2015-business-registrations","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/secp-amends-private-funds-regulations-2015-business-registrations.html","title":{"rendered":"SECP amends Private Funds Regulations 2015 for business registrations"},"content":{"rendered":"\n<p>Islamabad: The Securities &amp; Exchange Commission of Pakistan (SECP) on Monday amended the Private Funds Regulations 2015, a news source reported. Under the amended rules, SECP has made registration mandatory for anyone looking to engage in the business of private equity and venture capital funds management.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/secp-to-amend-credit-suretyship-rules-forex-outflow.html\" target=\"_blank\" rel=\"noreferrer noopener\">SECP seeks to amend credit &amp; suretyship rules to curb forex outflow<\/a><\/p>\n\n\n\n<p>According to details, the new rules indicate that no person shall launch, establish, or raise money in Pakistan for investment in a private fund unless the fund has acquired registration under the Private Funds Regulations 2015.<\/p>\n\n\n\n<p>Moreover, private fund management companies would have to secure the in-principle approval of the SECP. Following the approval, these organisations will have to execute and seek registrations of their trust deeds.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/covid-19-secp-extends-deadlines-businesses-meet-regulatory-requirements.html\" target=\"_blank\" rel=\"noreferrer noopener\">COVID-19: SECP extends deadlines for businesses to meet regulatory requirements<\/a><\/p>\n\n\n\n<p>SECP officials stated that when a private fund will utilise or propose to utilise borrowing, the Private Fund Management Company would have to ensure that it has the necessary expertise in the associated tasks. Moreover, the short-term borrowing by a private equity and venture capital fund should not exceed 15% of the size of their size, they added.<\/p>\n\n\n\n<p>The new regulations also include several other amendments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Securities &amp; Exchange Commission of Pakistan (SECP) on Monday amended the Private Funds Regulations 2015, a news source reported. Under the amended rules, SECP has made registration mandatory for anyone looking to engage in the business of private equity and venture capital funds management. Read: SECP seeks to amend credit &amp; suretyship rules to curb forex outflow According to details, the new rules indicate that no person shall launch, establish, or raise money in Pakistan for investment in a private fund unless the fund has acquired registration under the Private Funds Regulations 2015. Moreover, private fund management companies would have to secure the in-principle approval of the SECP. Following the approval, these organisations will have to execute and seek registrations of their trust deeds. Read: COVID-19: SECP extends deadlines for businesses to meet regulatory requirements SECP officials stated that when a private fund will utilise or propose to utilise borrowing, the Private Fund Management Company would have to ensure that it has the necessary expertise in the associated tasks. Moreover, the short-term borrowing by a private equity and venture capital fund should not exceed 15% of the size of their size, they added. The new regulations also include&hellip;<\/p>\n","protected":false},"author":68,"featured_media":61188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[32043],"persona":[],"class_list":{"0":"post-66780","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-details-on-secp-amends-private-funds-regulations-2015-for-business-registrations","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SECP amends Private Funds Regulations 2015 for business registrations - Zameen News<\/title>\n<meta name=\"description\" content=\"The Securities &amp; Exchange Commission of Pakistan (SECP) on Monday amended the Private Funds Regulations 2015, a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/secp-amends-private-funds-regulations-2015-business-registrations.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SECP amends Private Funds Regulations 2015 for business registrations - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Securities &amp; Exchange Commission of Pakistan (SECP) on Monday amended the Private Funds Regulations 2015, a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/secp-amends-private-funds-regulations-2015-business-registrations.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-18T05:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/SECP.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Safina Sultan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Safina Sultan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SECP amends Private Funds Regulations 2015 for business registrations - Zameen News","description":"The Securities & Exchange Commission of Pakistan (SECP) on Monday amended the Private Funds Regulations 2015, a news source reported.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/secp-amends-private-funds-regulations-2015-business-registrations.html","og_locale":"en_US","og_type":"article","og_title":"SECP amends Private Funds Regulations 2015 for business registrations - Zameen News","og_description":"The Securities & Exchange Commission of Pakistan (SECP) on Monday amended the Private Funds Regulations 2015, a news source reported.","og_url":"https:\/\/www.zameen.com\/news\/secp-amends-private-funds-regulations-2015-business-registrations.html","og_site_name":"Pakistan Real Estate News &amp; 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