RegAlert

Rule · BSEC · 4 Oct 2009

Directive related to OTC market

securities

The Securities and Exchange Commission directs the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. to settle dematerialized securities transacted on the Over-the-Counter (OTC) market in accordance with the existing mechanism and procedures followed by the exchanges for listed dematerialized securities. This directive applies to transactions governed by the Securities and Exchange Commission (Over-the-Counter) Rules, 2001. The directive was issued under section 20A of the Securities and Exchange Ordinance, 1969, with an effective date of October 04, 2009.

BangladeshBangladesh Securities and Exchange Commission

No. SEC/CMRRCD/2001-16/170 October 04, 2009 DIRECTIVE Further to the Directive No. SEC/CMRRCD/2001-16/168 dated October 01, 2009, the Securities and Exchange Commission in exercise of the 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. to the effect that: - Settlement of dematerialized securities transacted on Over-the-Counter (OTC) under the Securities and Exchange Commission (Over-the-Counter) Rules, 2001, shall be in accordance with the existing mechanism and procedures followed by the exchanges for listed dematerialized securities. By order of the Securities and Exchange Commission

Mansur Alam
Chairman (In-charge).

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Securities and Exchange Ordinance,1969 (XVII of 1969)Not in RegAlertSecurities and Exchange Ordinance, 1969 (XVII of 1969) — Not in RegAlertDirective related to OTCmarket2009-10-04 · this documentDirective related to OTC market (2009-10-04)
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Issued under
  • Securities and Exchange Ordinance, 1969 (XVII of 1969)Not in RegAlert

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

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