RegAlert

Rule · BSEC · 3 Feb 2010

Directive related to members' margin ratio to 1:1

securities
capital

The Securities and Exchange Commission directs the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. and their members to fix the proportion of credit facilities extended under the Margin Rules, 1999 on a 1:1 basis. Members are prohibited from extending credit facilities to approved clients beyond one time the client’s margin or deposit. This directive takes effect from 7th February, 2010.

BangladeshBangladesh Securities and Exchange Commission

No. SEC/CMRRCD/2001-43/15 February 03, 2010 DIRECTIVE Whereas, the Securities and Exchange Commission, in the interest of investors and capital market, considers it to be appropriate that the proportion of credit facilities extended by the members of stock exchanges under the Margin Rules, 1999 should be refixed; Now,therefore,the Commission in exercise of its power conferred by section 20A of the Securities and Exchange Ordinance,1969(XVII of 1969) ,hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd .and their members to the effect that, the members of the stock exchanges shall not extend credit facilities to their approved clients beyond 1(One) time of client’s margin/ client’s deposit(i.e credit facilities shall be on 1:1 basis) under the Margin Rules,1999. This shall have effect from 7th February,2010. By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker
Chairman.

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Act of 1969Not in RegAlertAct of 1969 — Not in RegAlertMargin Rules, 1999Not in RegAlertMargin Rules, 1999 — Not in RegAlertDirective related to members'margin ratio to 1:12010-02-03 · this documentDirective related to members' margin ratio to 1:1 (2010-02-03)
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 (2)
Amends
  • Margin Rules, 1999Not in RegAlert

    “proportion of credit facilities extended by the members of stock exchanges under the Margin Rules, 1999 should be refixed”

Issued under
  • Act of 1969Not in RegAlert

    “in exercise of its power conferred by section 20A of the Securities and Exchange Ordinance,1969(XVII of 1969)”

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Source: Bangladesh Securities and Exchange Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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