RegAlert

Rule · BSEC · 21 Oct 2009

Directive to merchant bankers and portfolio managers to stop margin loans for 28 listed securities

securities
credit

The Securities and Exchange Commission directs merchant bankers and portfolio managers registered under the Securities and Exchange Ordinance, 1969, to immediately cease providing or disbursing any further margin loans or credit facilities to clients for 28 specified issuer companies. The prohibition applies to securities of entities including Beach Hatchery Limited, Legacy Footwear Limited, and Ambee Pharmaceuticals Limited, among others listed in the directive. This measure takes immediate effect until further order.

BangladeshBangladesh Securities and Exchange Commission

No. SEC/CMRRCD/2001-43/199 October 21, 2009 DIRECTIVE The Securities and Exchange Commission, in exercise of the power conferred on it under
section 20A of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of
1969), read with wb‡`©kbv bs-14 of wewa 36 of wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996, hereby directs the merchant bankers, including the portfolio managers, registered under the wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 to immediately stop providing or disbursing of any further margin loan or credit facilities to their clients under the said wewagvjv, in favor of the securities of the following issuer companies until further order:

  1. Beach Hatchery Limited

  2. Legacy Footwear Limited

  3. Ambee Pharmaceuticals Limited

  4. Bangladesh Autocars Limited

  5. Bangas Limited

  6. Al-Haj Textiles Limited

  7. Purabi General Insurance Limited

  8. InTech Online Limited

  9. Daffodil Computers Limited

  10. Beximco Synthetics Limited

  11. First BSRS Mutual Fund

  12. Miracle Industries Limited

  13. Sonar Bangla Insurance Limited

  14. Monno Ceramic Industries Limited

  15. Alltex Industries Limited

  16. Desh Garments Limited

  17. Gulf Foods Limited

  18. Eastern Lubricants Blenders Limited

  19. Aramit Cement Limited

  20. Key and Que (Bangladesh) Limited

  21. Modern Dyeing and Screen Printing Industries Limited

  22. GQ Ball Pen Industries Limited

  23. Bangladesh Shipping Corporation

  24. Bangladesh Welding Electrodes Limited

  25. Bangla process Industries Limited

  26. Fine Foods Limited

  27. Anlima Yarn Dyeing Limited

  28. Marico Bangladesh Limited.
    This shall have immediate effect.
    By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker
Chairman.

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Ordinance No. XVII of 1969Not in RegAlertOrdinance No. XVII of 1969 — Not in RegAlertRegulation of 1996Not in RegAlertRegulation of 1996 — Not in RegAlertDirective to merchant bankersand portfolio managers to sto…2009-10-21 · this documentDirective to merchant bankers and portfolio managers to stop margin loans for 28 listed securities (2009-10-21)
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)
Issued under
  • Ordinance No. XVII of 1969Not in RegAlert

    “in exercise of the power conferred on it under section 20A of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969)”

  • Regulation of 1996Not in RegAlert

    “read with wb‡`©kbv bs-14 of wewa 36 of wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996”

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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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