Rule · BSEC · 7 Mar 2010

Directive on Merchant Banker Margin for Mutual Fund Extended to 15% of Latest Disclosed NAV

The Securities and Exchange Commission amends the margin limit for merchant bankers, including portfolio managers registered under the Securities and Securities Dealers (Registration) Act, 1996, raising it from 7.5% to 15% of the latest disclosed net asset value. This change applies to entities registered under section 20A of the Securities and Exchange Ordinance, 1969. The directive becomes effective on March 8, 2010.

BangladeshBangladesh Securities and Exchange Commission

No. SEC/CMRRCD/2009-193/26 March 07, 2010
DIRECTIVE
In reference to the Commission’s Directive No. SEC/CMRRCD/2001-43/06 dated December 17, 2009, the Securities and Exchange Commission hereby further 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 7.5% that was fixed earlier shall now be read as 15% (fifteen percent). This shall be effective from 8th March, 2010. By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker
Chairman.
Distribution:
All Merchant Banker & Portfolio Manager
Copy to:

All Department Heads, SEC
Chairman’s Office, SEC

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it

The links and the sentences they come from (1)

Amends

Commission’s Directive No. SEC/CMRRCD/2001-43/06 dated December 17, 2009Not in RegAlert
“In reference to the Commission’s Directive No. SEC/CMRRCD/2001-43/06 dated December 17, 2009, the Securities and Exchange Commission hereby further directs...”