Directive on Transactions Prior to Book-Closure Date

No.SEC/CMRRCD/2001-07/ Dated: June 24, 2009
DIRECTIVE
In exercise of the power conferred by section 20A of the Securities and Exchange Ordinance, 1969 (XVII of 1969) and in supersession of the Commission’s Directive No. SEC/CMRRCD/2001-07/96 dated December 01, 2008, the Securities and Exchange Commission hereby directs Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited, which shall have immediate effect,: -

1. To carry out transactions of physical shares in the spot market only during one complete
   cycle immediate prior to the book-closure date and also to keep transaction of such shares suspended on the day immediate prior to the starting date of book-closure.
2. Not to apply circuit breaker for the securities concerned on the trading day immediately
   following the record date in respect of demat securities and on the starting date of book￾closure in respect of physical securities.
3. Instead of suspending trade of a listed security instantly upon closure of operation of the
   listed company, the stock exchanges shall regularly disseminate on the trading monitor to the effect that if the situation of the company which failed to hold its Annual General Meeting(s) and issue Annual Report(s), and simultaneously the operation of the company remains closed for more than six months, is not improved within the next six months from the 1st date of such dissemination, the stock exchanges shall de-list the security upon completion of the said six months of dissemination. By order of the Securities and Exchange Commission

Mohammad Abdul Hannan Zoarder
Executive Director
Distribution:
1. Dhaka Stock Exchange Limited
2. Chittagong Stock Exchange Limited
Copy to:
1. All Departmental Heads, SEC
2. Chairman’s Office, SEC