¶¶Òõ¶ÌÊÓƵ

The Unit Subscription Agreement is a fundamental document in Pakistan's investment funds industry, used when investors wish to purchase units in a collective investment scheme or mutual fund. This agreement, governed by Pakistani law and regulated by the Securities and Exchange Commission of Pakistan (SECP), serves as the primary contractual document establishing the relationship between the fund and its unit holders. The document is essential for ensuring compliance with the Securities Act 2015, Companies Act 2017, and relevant NBFC regulations. It typically includes detailed provisions on subscription amounts, unit pricing, investor representations, compliance with anti-money laundering regulations, and specific fund operating procedures. The Unit Subscription Agreement is particularly crucial in protecting both the fund's and investors' interests while ensuring transparency and regulatory compliance in Pakistan's financial markets.

1. Parties: Identification of the Fund/Investment Company and the Subscriber

2. Background: Context of the agreement, nature of the fund, and purpose of the subscription

3. Definitions and Interpretation: Key terms used throughout the agreement and rules of interpretation

4. Subscription and Payment: Details of unit subscription, payment terms, and subscription price

5. Conditions Precedent: Conditions that must be satisfied before the subscription becomes effective

6. Subscriber Representations and Warranties: Confirmations and guarantees provided by the subscriber regarding their status, capacity, and compliance

7. Fund Representations and Warranties: Confirmations and guarantees provided by the fund regarding its status, authority, and compliance

8. Closing and Settlement: Process and requirements for completing the subscription

9. Rights and Obligations: Ongoing rights and obligations of both parties post-subscription

10. Transfer Restrictions: Limitations on the transfer of units and required procedures

11. Notices: Communication procedures between parties

12. Confidentiality: Protection of confidential information

13. Governing Law and Jurisdiction: Pakistani law as governing law and jurisdiction for disputes

14. General Provisions: Standard boilerplate clauses including amendments, waiver, severability