Extension of Deadline for Stock Brokers and Merchant Bankers to Complete Provisioning Against Unrealized Losses from Margin Loans

Bangladesh Securities and Exchange Commission

"Muhibbarshor-er Angishhor
Ubbobbon-orthoboyon-er Utsob Hobbe Pujibobor"

BSEC/SMMID/NE/2023/840 Date: October 22, 2023

1. Managing Director,
   Dhaka Stock Exchange Limited,
   9/F Motijheel C/A, Dhaka-1000;

2. Managing Director,
   Chittagong Stock Exchange PLC,
   CSE Building, 1080, Sheikh Mujib Road Agrabad, Chittagong;

3. President,
   Bangladesh Merchant Bankers Association (BMBA) Sayham Skyview Tower, 45 Bijoy Nagar, Dhaka-1000.

Subject: Regarding the extension of the deadline for stock brokers and merchant bankers to complete the provisioning against unrealized losses resulting from margin loans provided to clients.

Sir,
Reference is made to the Commission's directive number - BSEC/CMRRCD/2009-193/196 dated December 28, 2016; BSEC/CMRRCD/2009-193/203 dated December 28, 2017; and Memo number - BSEC/SRI/NE/2020/605 & 606 dated: December 28, 2022.

In light of the above subject and references, it is informed that the deadline for stock brokers and merchant bankers who have not been able to complete the provisioning against unrealized losses (Unrealized Loss) arising from revaluation in their portfolios is extended until June 30, 2024.

Issued by order of the competent authority.

(Signature)
22.10.23
Md. Motiur Rahman
Deputy Director (SMMID)
E-mail: motiur.ib@sec.gov.bd

For information and necessary action:

1. Executive Director (ICT Division), BSEC: Request to upload the letter on the Commission's website.
2. Personal Officer to the Chairman, BSEC; and
3. Relevant file copy.

(Signature)
22.10.23
(Signature)
22.10.23
Mr. Asvad AD

Securities Commission Building, E-6/C Agargaon, Sher-e-Bangla Nagar Administrative Area, Dhaka-1207 Phone (PABX) : +88-02-55007131-2 Fax : +88-02-55007106 E-mail : info@sec.gov.bd Web : www.sec.gov.bd