Regulatory Alerts2022-09-29
Added
DMD Circular Letter No. 08: Appointment of Citizens Bank PLC as Primary Dealer of Government Securities
The Department of Market Development of Bangladesh Bank approves Citizens Bank PLC as a Primary Dealer of Government Securities for an initial term of one year. This appointment aims to enhance the liquidity and inclusiveness of the secondary market for the issuance and subsequent trading of Treasury Bills and Bonds. The approval may be extended based on compliance with instructions and the bank's performance in primary and secondary markets. The directive becomes effective on October 1, 2022.
50119 Department of Market Development
Bangladesh Bank (Central Bank of Bangladesh) Head Office Motijheel, Dhaka-1000 Bangladesh.
DMD Circular Letter No. 08
Date: 14 Ashwin 1429. 29 September 2022.
Managing Director / Chief Executive All Scheduled Banks and Financial Institutions operating in Bangladesh.
Dear Sir,
Regarding the appointment of Citizens Bank PLC as Primary Dealer.
This is to inform you that, pursuant to Bangladesh Bank's FRTEM-6/2003 circular dated July 29, 2003, Citizens Bank PLC has been approved as a Primary Dealer of Government Securities for a period of 1 (one) year. This approval is granted with the objective of making the secondary market for the issuance and subsequent purchase-sale of Treasury Bills and Bonds of the Government of Bangladesh more dynamic and participatory. This approval may be extended for the subsequent one year, considering the activities in the primary and secondary markets, along with ensuring compliance with the instructions issued from time to time by this department regarding Primary Dealers.
This directive will come into effect from October 1, 2022.
Yours faithfully,
(Signature) (Khandaker Siddiqur Rahman) Director (DMD) Phone: 9530131
Phone: 88-02-9550448, 9554896, IP: 88-02-55662001-6, Fax: 88-02-9530479, www.bb.org.bd