SECP issues risk management guidelines for AMCs
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has prescribed the risk management and control guidelines for asset management companies (AMCs).
The purpose of these guidelines is to provide a general framework of risk management for mitigating risks associated with management of collective investment schemes (CIS), an SECP statement said on Thursday.
These guidelines widely cover the broad aspects of risk management such as risk governance, risk management process and procedures, portfolio risk management, and operational risk management.
Moreover, guidelines also focus on identification of risks and its classification, stress testing, reporting and mitigation, thereby providing techniques…
