RegAlert

Rule · BSEC · 12 Feb 2005

Amendment of margin regulation 2000 of DSE and CSE

securities
capital

The Securities and Exchange Commission directs the Dhaka Stock Exchange Ltd. and the Chittagang Stock Exchange Ltd. to amend their respective Member’s Margin Regulations, 2000 with immediate effect. Regulation 3 is substituted to set the free limit at taka one crore per trading day. Regulation 4(3) is amended to establish member’s margin rates of 20%, 30%, 50%, and 100% for additional trade exposure brackets above taka one crore up to and exceeding five crore. Regulation 5(1)(a) is updated to specify that guarantees must be irrevocable, without recourse to the drawer bank, and issued by non-banking financial institutions registered with the Bangladesh Bank.

BangladeshBangladesh Securities and Exchange Commission

SEC/SRMID/94-231/470 12 February 2005
ORDER
Whereas, the Securities and Exchange Commission deems it to be expedient that, in the interest of the investors and the capital market, certain further amendments should be made in the Dhaka Stock Exchange (Member’s Margin) Regulations, 2000 and Chittagong Stock Exchange (Member’s Margin) Regulations, 2000. Now, therefore, the Securities and Exchange Commission, in exercise of its power conferred by section 34, sub-section 4 of the Securities and Exchange Ordinance, 1969 (XVII of 1969), hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. to amend their respective Member’s Margin Regulations, 2000 in the following manner which shall have immediate effect. Regulation 3 shall be substituted by the following:
“3. Free limit- The free limit shall be taka one crore per trading day.” Regulation 4(3 ) will be substituted by the following:- “4. (3) Every member shall deposit the member’s margin with the clearing house on the additional trade exposure at the following rates:- Additional trade exposure Member’s Margin rate (a) Above taka one crore but not exceeding taka two crore @ 20% (b) Above taka two crore but not exceeding taka three crore @ 30% (c) Above taka three crore but not exceeding five crore @ 50% (d) Above taka five crore @ 100%” Regulation 5(1)(a) shall be substituted by the following:
“5(1)(a) Irrevocable and Without Recourse to the Drawer Bank or Insurance Gurantee or Guarantee issued by the non-banking financial institution (NBFI) registered with the Bangladesh Bank provided such NBFI is lawfully authorised in this behalf”. By order of the Commission Farhad Ahmed Executive Director Distribution:
The Chief Executive Officer, DSE
The Chief Executive Officer,CSE with request to send a copy of this order to all of their members and disseminate the aforesaid order, through on-line trading system immediately. Copy to:

  1. Chairman, SEC
  2. Members, SEC
  3. All Department Heads, SEC
  4. CEO, CDBL

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Securities and Exchange Ordinance,1969 (XVII of 1969)Not in RegAlertSecurities and Exchange Ordinance, 1969 (XVII of 1969) — Not in RegAlertAmendment of margin regulation2000 of DSE and CSE2005-02-12 · this documentAmendment of margin regulation 2000 of DSE and CSE (2005-02-12)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Issued under
  • Securities and Exchange Ordinance, 1969 (XVII of 1969)Not in RegAlert

    “in exercise of its power conferred by section 34, sub-section 4 of the Securities and Exchange Ordinance, 1969 (XVII of 1969)”

Similar documents from other regulators

More like this from BSEC

BSEC published 2 documents in the last 30 days. We email you each new one the day it's published.

Source: Bangladesh Securities and Exchange Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

In RegAlert: added · updated