Amendment of regulation (Member's Margin) of stock exchanges

SEC/SRMID/94-231/ 21 December 2004
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 fifty lacs 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 fifty lacs but not exceeding taka one crore @ 20% (b) Above taka one crore but not exceeding taka two crore @ 30% (c) Above taka two crore but not exceeding five crore @ 50% (d) Above taka five crore @ 100%” By order of the Commission Farhad Ahmed Executive Director Distribution:
The Chief Executive Officer, DSE 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. The Chief Executive Officer,CSE Copy to:

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