Securities and Exchange Commission of Pakistan has now issued Directive 7 of 2018 ref: SCD/PRDD/VPS/Directive/93/2018 dated June 8, 2018. Through this directive, SECP has issued amendments in earlier issued directives including Directive 4 of September 30, 2015 and Directive 34 of December, 07 2017 regarding Voluntary Pension System Rules, 2005 ‘Front-end Fee (Sales Charge)’ matter.
Through this particular directive SECP stated that Pension Fund Manager shall now ensure that no front-end fee is charged on any subsequent contribution made by a participant directly, through employer or online.
Please click below to view the current directive as well as the directives which were being issued in the past and are effected.
- 180619-228 1-Amnding VPS-Dir 7-18 Rules (2)
- 180619-228 2-Front-end load for VPS – Main Dir 4-15
- 180619- 228 3-Front-end load for VPS Amnding Dir 34-17