RegAlert

Rule · BSEC · 8 Feb 2010

Directive related to stopping the netting facility for GP shares

securities

The Securities and Exchange Commission directs the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. to discontinue, until further order, financial adjustment (netting) facilities for trading in shares of Grameenphone Ltd. This prohibition prevents persons from buying Grameenphone Ltd. shares against the value of sales of other securities using Fund in Transit within the existing settlement and clearance period. The directive becomes effective from the trading day of 10th February 2010.

BangladeshBangladesh Securities and Exchange Commission

No. SEC/CMRRCD/2001-43/17 Dated: February 08, 2010 DIRECTIVE Whereas, the Securities and Exchange Commission, in the interest of capital market and the investors, deems it appropriate that the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. should discontinue, until further order, the financial adjustment facilities (i.e. netting facilities) provided by the stock-brokers/dealers vis-a-vis the stock exchanges in respect of certain listed security; Now, therefore, the Securities and Exchange Commission, in exercise of power conferred on it under 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 discontinue, until further order, the financial adjustment facilities (i.e. netting facilities) provided by the stock brokers to their customers vis-a-vis by the stock exchanges to their stock brokers and stock dealers in respect of trading in share of Grameenphone Ltd. This means no person shall be allowed to buy share of Grameenphone Ltd. against value of sale of other securities (i.e. by using Fund in Transit) within the existing settlement and clearance period. This Directive shall become effective from the trading day of 10th February 2010. By order of the Securities and Exchange Commission Md. Ziaul Haque Khondker Chairman. Distribution:

  1. Dhaka Stock Exchange Ltd.
  2. Chittagonge Stock Exchange Ltd.
  3. Central Depository Bangladesh Ltd.
  4. Bangladesh Association of Publicly Listed Companies (BAPLC)

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.

Securities and Exchange Ordinance,1969 (XVII of 1969)Not in RegAlertSecurities and Exchange Ordinance, 1969 (XVII of 1969) — Not in RegAlertDirective related to stoppingthe netting facility for GP s…2010-02-08 · this documentDirective related to stopping the netting facility for GP shares (2010-02-08)
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)
Issued under
  • Securities and Exchange Ordinance, 1969 (XVII of 1969)Not in RegAlert

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

More like this from BSEC

BSEC published 2 documents in the last 30 days. We email you each new one the day it's published.

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

In RegAlert: added · updated