No. SECI/CMMRC/2001-43/52
July 22, 2010

Directive

Pursuant to the powers conferred under Direction No. 6(1) regarding the provision of margin loans mentioned in the Schedule of Rule 36 of the Securities and Exchange Commission (Merchant Bankers and Portfolio Managers) Rules, 1996, the Securities and Exchange Commission hereby determines the indicative limit for the distribution of margin loans by merchant bankers (portfolio managers) to their individual category clients, as follows:

1. A margin loan may be provided to any individual, their spouse, or persons dependent on them, either singly or jointly, up to a maximum of 10 (ten) crore Taka.

2. No merchant banker (portfolio manager) shall provide margin loans to any of its directors, their spouses, or persons dependent on them.

Provided that, merchant bankers (portfolio managers) who are currently providing loans exceeding the aforementioned limit to the clients mentioned in Serial No. 1, or providing loans to the persons mentioned in Serial No. 2, shall implement this directive fully by August 31, 2010.

This directive shall come into effect from July 25, 2010.

For
Securities and Exchange Commission

Md. Ziaul Hoddokar
Chairman.