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SECP Proposes ESG Mutual Fund Framework for Sustainable Investing

The Securities and Exchange Commission of Pakistan (SECP) has proposed a regulatory framework for ESG Mutual Funds requiring at least 70 percent of investments in ESG-aligned assets. The framework introduces disclosure requirements, governance standards, and assurance mechanisms to prevent greenwashing. Asset managers will align equity funds with the Pakistan Stock Exchange's upcoming Sustainability Index and debt funds with Pakistan's Green Taxonomy. Stakeholders may submit feedback by April 21, 2026.

CSA Invites Stakeholders to Participate in Project Tokenization Workshops

The Canadian Securities Administrators (CSA) has launched Project Tokenization to examine the potential for tokenized financial products in Canada's capital markets. The initiative invites stakeholders including fintechs, issuers, financial institutions, developers, custodians, marketplaces, and clearing agencies to participate in workshops to explore opportunities and risks of tokenization and distributed ledger technology within securities regulation. The CSA Collaboratory will engage stakeholders through workshops in Calgary on April 9, 2026 and Toronto on June 11, 2026.

CSA Proposes Amendment to NI 55-104 Insider Reporting Requirements for Investment Funds and Structured Products

The Canadian Securities Administrators (CSA) published a proposed amendment to Part 9 of National Instrument 55-104 Insider Reporting Requirements and Exemptions on April 9, 2026. The proposed amendment is intended to clarify insider reporting requirements applicable to transactions involving investment funds and structured products, including structured notes, American Depositary Receipts, and Canadian Depositary Receipts that are based on securities of the reporting insider's reporting issuer. The 60-day comment period closes June 8, 2026.