RegAlertRule · BSEC · 19 Feb 2023
Directive on extension of time to invest in listed debt securities and requirement for investment in listed Treasury Bond
The Bangladesh Securities and Exchange Commission inserts a new direction requiring securities market intermediaries, including merchant bankers, portfolio managers, asset managers, stock-dealers, and mutual funds, to invest at least 1% of their own portfolios in listed Treasury Bonds by 30 June 2023. The deadline for compliance with existing directions 4(a) and 4(b) of Directive No. BSEC/CMRRCD/2009-193/19 is extended to 30 June 2023. Intermediaries must report these investments at their BOIDs, and the directive takes immediate effect.
বাংলাদেশ
সুবর্ণজয়ন্তী
Bangladesh
[Logo of Bangladesh Securities and Exchange Commission]
Bangladesh Securities and Exchange Commission
“মুজিববর্ষের অঙ্গীকার
উন্নয়ন-অর্থায়নের উৎস হবে পুঁজিবাজার”
Directive
19 February 2023
No. BSEC/CMRRCD/2009-193/54: - In exercise of the powers conferred by section 20A of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969), the Bangladesh Securities and Exchange Commission makes the following amendment to the Directive No. BSEC/CMRRCD/2009-193/19 dated 23 May 2021, namely: -
- The following new direction 4(c) shall be inserted after direction 4(b), namely: -
“In order to diversify the portfolio risk, securities market intermediaries including merchant bankers & portfolio managers, asset managers, stock-dealers and mutual funds shall invest, at least 1% (one percent) of their own portfolios, in the listed Treasury Bonds within 30 June 2023 and report the same at their BOIDs, in addition to investment required at clause 4(a) and 4(b).”
- The timeline to comply with the direction No. 4(a) and 4(b) of the Directive No. BSEC/CMRRCD/2009-193/19 dated 23 May 2021, is extended up to 30 June 2023.
This shall have immediate effect.
By order of the Bangladesh Securities and Exchange Commission
(Signature)
Professor Shibli Rubayat-Ul-Islam
Chairman.
Securities Commission Bhaban, E-6/C Agargaon, Sher-e-Bangla Nagar Administrative Area, Dhaka-1207, Bangladesh Phone (PABX): +88-02-55007131-2, Fax: +88-02-55007106, Email: info@sec.gov.bd, Web: www.sec.gov.bd
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- Amends
“In exercise of the powers conferred by section 20A of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969), the Bangladesh Securities and Exchange Commission makes the following amendment to the Directive No. BSEC/CMRRC…”
Timeline
This document amends: Directive regarding public offer and direct listing of perpetual bond
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