Regulatory Alerts2012-10-02
Added · Updated
DOS Circular Letter No. 14 Regarding Margin Lending of Subsidiary Companies Established for Merchant Banking/Brokerage Activities
The Department of Off-Site Supervision instructs all scheduled banks operating in Bangladesh to ensure the adherence and full implementation of the margin lending ratio policy issued by the Securities and Exchange Commission on September 30, 2012. This directive specifically applies to separate subsidiary companies or companies established by these banks for merchant banking or brokerage activities. The instruction mandates compliance with the specific orders SECI/SEBI/2009-193/135 and SECI/CMMRC/2009-193/136 regarding the maximum margin lending ratio available for customers.
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