RegAlert

Rule · BSEC · 15 Nov 2022

Order allowing Block Market clients to transact up to 10% below floor price

securities

The Bangladesh Securities and Exchange Commission directs the Dhaka Stock Exchange Limited, the Chittagong Stock Exchange Limited, and Central Depository Bangladesh Limited to allow Block Market clients to transact up to 10% below the floor price under the existing circuit breaker system. This permission is subject to maintaining the reference price using the previous closing price on the Public or Spot market. The order maintains all other conditions from the Commission's Order No. BSEC/CMRRCD/2001-07/229 dated 14 November 2019 and takes immediate effect.

BangladeshBangladesh Securities and Exchange Commission

Bangladesh Securities and Exchange Commission

No. BSEC/CMRRCD/2001-07/49

Dated: 15 November 2022

Order

This refers to the Commission's Order ref: No. BSEC/CMRRCD/2001-07/39 dated 28 July 2022.

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 further directs the Dhaka Stock Exchange Limited, the Chittagong Stock Exchange Limited, Central Depository Bangladesh Limited to comply the followings, namely: -

  1. Considering the current market situation, the exchanges may allow the clients of Block Market to transact up to 10% of lower than the floor price on the existing circuit breaker system subject to maintaining the reference price using the previous Closing Price on the Public or Spot market.

  2. Other conditions of the Commission's Order No. BSEC/CMRRCD/2001-07/229 dated 14 November 2019 shall remain unchanged.

  3. This shall have immediate effect.

By Order of the Bangladesh Securities and Exchange Commission

Professor Shibli Rubaiyat-Ul-Islam
Chairman

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

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Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Ordinance No. XVII of 1969Not in RegAlertOrdinance No. XVII of 1969 — Not in RegAlertOrder on Floor Price_28.07.20222022 · BSECOrder on Floor Price_28.07.2022 (2022-07-28)Order allowing Block Marketclients to transact up to 10%…2022-11-15 · this documentOrder allowing Block Market clients to transact up to 10% below floor price (2022-11-15)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Amends
Issued under
  • Ordinance No. XVII of 1969Not in RegAlert

    “in exercise of the power conferred by Section 20A of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969)”

Timeline

This document amends: Order on Floor Price_28.07.2022

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Source: Bangladesh Securities and Exchange Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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