RegAlertRule · BSEC · 20 Jan 2021
Directive on Electronic Subscription System for Pro-Rata Share Allotment
The Bangladesh Securities and Exchange Commission directs Dhaka Stock Exchange Limited, Chittagong Stock Exchange Limited, and Central Depository Bangladesh Limited to introduce the Electronic Subscription System for share application and allotment to the general public on a pro-rata basis instead of a lottery. The entities must implement this system by March 31, 2021, and the directive comes into effect on April 01, 2021.
BANGLADESH SECURITIES AND EXCHANGE COMMISSION Securities Commission Bhaban E-6/C Agargaon, Sher-e-Bangla Nagar Administrative Area, Dhaka 1207, Bangladesh
DIRECTIVE
Dated: 20 January 2021
No. BSEC/CI/IPO-312/2021-313 —Whereas, the Bangladesh Securities and Exchange Commission (hereinafter referred to as "the Commission") is satisfied that in the interest of the investors and development of capital market, the Commission in exercise of the power conferred by section 20A of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969) hereby directs Dhaka Stock Exchange Limited, Chittagong Stock Exchange Limited and Central Depository Bangladesh Limited to introduce the Electronic Subscription System (ESS) for application and allotment of shares to the general public on pro-rata basis instead of lottery, within March 31, 2021.
This shall come into effect from April 01, 2021.
By order of the Bangladesh Securities and Exchange Commission
Professor Shibli Rubayat-Ul-Islam Chairman.
"মুজিববর্ষের অঙ্গীকার উন্নয়ন-অর্থায়নের উৎস হবে পুঁজিবাজার" Phone (PABX) : +88-02-55007131-2 Fax : +88-02-55007106 E-mail : info@sec.gov.bd Web : www.sec.gov.bd
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- Issued under
- Ordinance No. XVII of 1969Not in RegAlert
“in exercise of the power conferred by section 20A of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969)”
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