Exclusion of the period of general holidays in counting time for certain regulatory compliances

Bangladesh Securities and Exchange Commission
Securities Commission Bhaban
E-6/C Agargaon
Sher-e-Bangla Nagar Administritive Area
Dhaka-1207, Bangladesh.

No. BSEC/CMRRCD/2009-193/06

2 June 2020

DIRECTIVE

Whereas, in order to address the extraordinary situation caused by the Covid-19 pandemic and subsequent closure of office during 26 March 2020 to 30 May 2020, the Bangladesh Securities and Exchange Commission deems it to be proper that in the interest of investors and securities market and for the development of securities market, certain directive shall be issued to the issuers of securities, entities registered with the Commission, depository, stock exchanges and any other person;

And Whereas, any statement or report or return or document or information was required to be submitted to the Commission or any stock exchange or any person, or holding of meeting, or compliance with any Directive or Order excluding the price sensitive information, by any of the issuers of securities, entities registered with the Commission, depository, stock exchanges and any other person from 26 March 2020 to 30 May 2020, but could not be submitted or held or complied;

Now, therefore, in exercise of the power conferred by section 20A of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969), the Commission hereby directs the following, namely:-

the period of general holidays from 26 March 2020 to 30 May 2020 shall be excluded in counting the time for submission of any statement or report or return or document or information to the Commission or any stock exchange or any person, or for holding of meeting, or for compliance with any Directive or Order excluding the price sensitive information, due from 26 March 2020 to 30 May 2020.

This directive shall have immediate effect.

By order of the Bangladesh Securities and Exchange Commission

Professor Shibli Rubayat Ul Islam
Chairman.