Available on the SECP's website, this guidebook provides comprehensive information on the procedure for formation, incorporation, and licensing of the NBFCs, applicable fees, important pre-requisites, references to the relevant legal provisions, forms and formats. The Guide covers applicable requirements for the formation and licensing of Fund Management NBFCs as well as Lending NBFCs. Fund Management NBFCs provide services including Asset Management, Investment Advisory, REIT Management, Private Equity & Venture Capital management, and Pension Fund Schemes. Lending NBFCs provide services including Investment Finance Services, Discounting, Housing Finance, Microfinance, and Leasing. By consolidating all the applicable requirements at one place, the Guidebook would make it easier for prospective investors to understand and comply with the applicable regulatory regime.

Source: The Nation December 30, 2021 22:09 UTC