Directive to DSE, CSE related to transaction of paper shares

No. SEC/CMRRCD/2001-07/190 October 20, 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/2001-07/139 dated June 24, 2009, the Securities and Exchange Commission hereby directs the Dhaka Stock Exchange Limited and the 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 transactions of such shares suspended on the day immediate prior to the starting date of book-closure.
2. 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

Md. Ziaul Haque Khondker
Chairman.