August 08, 2025: The Mutual Funds Association of Pakistan (MUFAP) has officially been registered as a Self-Regulatory Organization (SRO) under Section 36D of the SECP Act—becoming the first Section 42 company in Pakistan to gain this status.

This development marks a major transition from a representative body to an empowered regulatory role, enhancing governance, transparency, and investor protection within the fund and pension management industry.

As an SRO, MUFAP will now oversee compliance monitoring, market inspections, dispute resolution, and investor education—functions previously managed solely by SECP.

The association plans to introduce standardized documents including trust deeds, Key Fact Statements, and offering documents in line with global norms, alongside mechanisms for grievance redressal and arbitration.

MUFAP has also pledged to lead financial literacy campaigns, particularly targeting underserved groups like women and youth to boost financial inclusion.

This milestone is expected to increase investor confidence and promote a more mature, transparent, and self-regulated fund industry in Pakistan.