Regulatory Alerts2012-11-20
Added · Updated
DFIM Circular No. 08: Re-fixation of highest rate/limit of margin loans provided by subsidiaries of Financial Institutions formed for Merchant Banking/Brokerage activities
The document instructs the Chief Executive/Managing Directors of all financial institutions operating in Bangladesh to ensure that their subsidiaries established for merchant banking or brokerage activities comply with the Securities and Exchange Commission's orders dated September 30, 2012. These orders re-fix the maximum rate or limit of margin loans that stock exchange members may provide to customers. The circular mandates the proper implementation of these specific regulatory directions regarding margin loan parameters.
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