Directive on Uniform Software and Financial Adjustment Reporting for Stock Exchanges

SEC/CMRRCD/2009-193/11 January 31, 2010 DIRECTIVE In exercise of the power conferred by section 20A of the Securities and Exchange Ordinance, 1969 (XVII of 1969), the Securities and Exchange Commission hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. that;- Both the stock exchanges shall develop uniform software for their members incorporating all necessary information, including information on financial adjustment (i.e. netting), to cater the regular requirements of the Commission and the stock exchanges, or on demand. The software should be in operation on or before 30th April 2010. Both the stock exchanges shall be submitting the requisite information on financial adjustment (i.e. netting) and loan amount provided by the members of the stock exchanges to the Commission on monthly basis within 7th day in the following month in round figure, with percentage, until 30th April 2010. In the relevant information report on financial adjustment (i.e. netting), the term “Fund in Transit” shall be used in place of the term “Immatured Fund”. By Order of the Securities and Exchange Commission (Mrs. Ruksana Chowdhury) Executive Director Distribution:
1. Dhaka Stock Exchange Ltd.
2. Chittagong Stock Exchange Ltd.
3. Central Depository Bangladesh Ltd
Copy to:
1. All Members, SEC
2. All Departmental heads, SEC
3. Chairman’s Office, SEC