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.
Bangladesh Bank
Dated: 17 Ashwin, 1419 Bangabda
2 October 2012 AD
Head Office P.O. Box No. 325 Dhaka.
Department of Off-Site Supervision
DOS Circular Letter No. 14 Date: -----------------------
To All Chief Executives All Scheduled Banks operating in Bangladesh
Dear Sir,
Regarding Margin Lending of Separate Subsidiary Company/Companies Established for Merchant Banking/Brokerage Activities
Through orders SECI/SEBI/2009-193/135 and SECI/CMMRC/2009-193/136 dated September 30, 2012, the Securities and Exchange Commission has issued a policy regarding the maximum margin lending ratio available for customers by stock exchange members.
In this regard, instructions are hereby given to ensure the adherence and full implementation of the aforementioned policy in the case of separate subsidiary companies or companies established by your bank for merchant banking/brokerage activities.
Please acknowledge receipt.
Yours faithfully,
(Signature)
(Md. Ibrahim Bhuiyan) Deputy General Manager Phone: 9530207
17 Ashwin, 1419 Bangabda. 2 October 2012 AD.
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