Rule · BSEC · 16 Jun 2010
The Securities and Exchange Commission replaces clause (h) under sub-rule (1) of rule 2 of the Securities and Exchange Commission (Over-the-Counter) Rules, 2001. The new clause defines an unlisted security as a security issued or to be issued by a company that is not listed with any stock exchange under the listing regulations. This amendment was made in exercise of power conferred by section 33 of the Securities and Exchange Ordinance, 1969.
NOTIFICATION
June 16, 2010
No. SEC/CMRRCD/2001-16/44/Admin/--------- In exercise of power conferred by section 33 of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969), the Securities and Exchange Commission makes, after prior circulation, the following further amendment to the Securities and Exchange Commission (Over-the-Counter) Rules, 2001, namely:- In the aforesaid Rules, clause (h) under sub-rule(1) of rule 2, shall be replaced by the following new clause (h), namely;- “(h) “unlisted security” means a security issued or to be issued by a company, but not listed with any stock exchange under the listing regulations.”.
By Order of the Securities and Exchange Commission Md. Ziaul Haque Khondker Chairman.
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“the Securities and Exchange Commission makes, after prior circulation, the following further amendment to the Securities and Exchange Commission (Over-the-Counter) Rules, 2001”
“In exercise of power conferred by section 33 of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969)”
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