RegAlert

Rule · BSEC · 26 Oct 2009

Directive to stop margin loans for listed mutual funds

securities
capital

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 purchasing units of all listed mutual funds. This prohibition remains in effect until further order. The directive takes immediate effect.

BangladeshBangladesh Securities and Exchange Commission

No. SEC/CMRRCD/2001-43/203 October 26, 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, to purchase the units of all listed Mutual Funds until further order. 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 stop margin loansfor listed mutual funds2009-10-26 · this documentDirective to stop margin loans for listed mutual funds (2009-10-26)
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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