Directive Amending Investment Limit for Merchant Bankers and Stock Brokers from 15% to 50%

NO. SEC/CMRRCD/2009-193/ August 30, 2010
DIRECTIVE
Further to the Commission’s Directive No. SEC/CMRRCD/2009-193/26 dated March 07, 2010, the Securities and Exchange Commission hereby directs the merchant bankers, including the portfolio managers, registered under the wmwKDwiwUR I G·‡PÄ Kwgkb ( gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996, under section 20A of the Securities and Exchange Ordinance, 1969 (XVII of 1969), read with wb‡`©kbv bs-14 of wewa 36 of wmwKDwiwUR I G·‡PÄ Kwgkb ( gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996, that the limit of 15% that was fixed earlier shall now be read as 50% (fifty percent). This shall be effective from 2nd September, 2010. By order of the Securities and Exchange Commission Md. Ziaul Haque Khondker Chairman.

NO. SEC/CMRRCD/2009-193/ August 30, 2010
DIRECTIVE
Further to the Commission’s Directive No. SEC/CMRRCD/2009-193/25 dated March 07, 2010, the Securities and Exchange Commission hereby directs the stock brokers of Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited under section 20A of the Securities and Exchange Ordinance, 1969 (XVII of 1969) that the limit of 15% that was fixed earlier shall now be read as 50% (fifty percent). This shall be effective from 2nd September, 2010. By order of the Securities and Exchange Commission Md. Ziaul Haque Khondker Chairman.