Notification related to amendment of Prohibition of Insider Trading Rules 1995

NOTIFICATION
Date: 23 March 2010
No. SECMARRCDI/2001-26/32/Admin/-------

Securities and Exchange Commission

In exercise of the powers conferred under sub-section (1) of Section 24 of the Securities and Exchange Commission Act, 1993 (Act No. 15 of 1993), the Securities and Exchange Commission, after previous publication, hereby amends the Securities and Exchange Commission (Prohibition of Insider Trading) Rules, 1995, as follows:

Rule 4, sub-rule (2) shall be substituted by the following, namely:

"No sponsor, director, employee or officer, auditor or person connected with the auditor, advisor or legal advisor, or any person specified in Section 12 of the Companies Act, 1994 (Act No. 1994 of 1994) of a listed company on the Stock Exchange shall purchase, sell or otherwise transfer or acquire shares of the said company during the period commencing two months prior to the date of the end of the fiscal year of the said company (according to the English calendar) and ending on the date when the Board of Directors of the said company finally considers, adopts or approves the said accounts."

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondaker
Chairman