Amendment to the Securities and Exchange Commission (Stock Dealer, Stock Broker, Authorized Representative) Rules, 2000 regarding renewal of registration certificate of Authorized Representative

NOTIFICATION

February 09, 2012

No. - SEC/CMARRCDI/2001-002/122/Admin/---------------: Securities and Exchange Commission,

In exercise of the powers conferred by sub-section (1) of Section 24 of the Securities and Exchange Commission Act, 1993 (Act No. 15 of 1993), and after prior publication, the Securities and Exchange Commission (Stock Dealer, Stock Broker, Authorized Representative) Rules, 2000 are hereby amended as follows:

In the aforementioned Rules:

1. At the end of Rule 8, sub-rule (2), the full stop '।' shall be replaced with a colon ':'. Thereafter, the following conditions shall be added:

"Provided that in the case of Authorized Representatives, the amount of such additional fee shall not exceed ten thousand Taka:

Further provided that if an Authorized Representative fails to renew the registration certificate within one year after the expiry of the registration certificate, such registration certificate shall be deemed cancelled. In such a case, the concerned person may apply for the renewal of the registration certificate subject to payment of a registration fee of ten thousand Taka, submission of the previous certificate, and compliance with other provisions of Rule 5."

By order of the Securities and Exchange Commission,

Professor Dr. M. Khairul Hossain
Chairman.