RegAlertRule · BSEC · 4 Apr 2021
Directive on Margin loan facilities
The Bangladesh Securities and Exchange Commission suspends Directive No. BSEC/Surveillance/2020-975/132 dated September 28, 2020, due to the Covid-19 pandemic. TREC holders of the stock exchanges must extend maximum credit facilities to approved clients based on the DSE X Index, applying an 80% margin limit when the index is below 7,000 and a 50% limit when it is 7,001 or above. These requirements take immediate effect until further order.
BANGLADESH SECURITIES AND EXCHANGE COMMISSION Securities Commission Bhaban E-6/C Agargaon, Sher-e-Bangla Nagar Administrative Area, Dhaka1207, Bangladesh
No. BSEC/Surveillance/2020-975/201
4th April, 2021
Directive
Considering the Covid-19 pandemic situation, the Commission's Directive No.BSEC/Surveillance/2020-975/132 dated September 28, 2020 will remain Suspended. For the interest of the investors, the TREC holders of the stock exchanges will extend maximum limit of credit facilities to their approved clients in the following manner under the Margin Rules, 1999, until further order:
| Sl No. | DSE X Index | Maximum margin loan limit |
|---|---|---|
| 1 | Below 7,000 | 1:0.80 Basis i.e., 80% of clients margin/deposit |
| 2 | 7,001 or above | 1:0.50 Basis i.e., 50% of clients margin/deposit |
This shall have immediate effect.
By order of the Bangladesh Securities and Exchange Commission
(Signature)
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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Lineage: Amended
A newer document in RegAlert amends this one; it applies as amended.
The links and the sentences they come from (2)
- Amended by
“the Commission’s Directive No. BSEC/Surveillance/2020- 975/201 dated April 04, 2021 will be amended.”
- Issued under
- Margin Rules, 1999Not in RegAlert
“under the Margin Rules, 1999”
Timeline
Amended 1 time · last 2021-08-12
- 2021-08-12
BSECDirective on maximum limit of credit facilitiesamends
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