Order regarding circuit breaker

BANGLADESH SECURITIES AND EXCHANGE COMMISSION
JIBON BIMA TOWER (14, 15, 16 & 20 FLOOR), 10 DILKUSHA C/A, DHAKA-1000, BANGLADESH

No. SEC/CMRRCD/2001-07/168

13 May 2015

ORDER

Whereas, the Bangladesh Securities and Exchange Commission considers it to be expedient that certain further amendments should be made in the “Guidelines for Regulating the Share Price Movement in the Stock Exchange Tradings” in the interest of investors in securities and the capital market as well;

Now, therefore, in exercise of the power conferred by section 34(4) of the Securities and Exchange Ordinance, 1969 (XVII of 1969), the Bangladesh Securities and Exchange Commission hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. to make the following further amendments in the said Guidelines, effective from 17 May 2015, namely:-

1. Standard upward and downward price change limits (circuit breaker)-based on reference price/previous trading day’s closing price:

Price limits	Price change limits
01. Up to Tk. 200	10% (Ten Percent)
02. Above Tk. 200 to Tk. 500	8.75% (Eight Point Seven Five Percent)
03. Above Tk. 500 to Tk. 1000	7.50% (Seven Point Five Zero Percent)
04. Above Tk. 1000 to Tk. 2000	6.25% (Six Point Two Five Percent)
05. Above Tk. 2000 to Tk. 5000	5% (Five Percent)
06. Above Tk. 5000	3.75% (Three Point Seven Five Percent)

This shall replace the previous price change limits.

2. Circuit breaker for any newly listed security:

There will be no circuit breaker for any newly listed security for first 2 (two) consecutive trading days instead of existing 5 (five) consecutive trading days. Applicable circuit breaker shall be imposed from the 3rd (third) trading day.

By order of the Bangladesh Securities and Exchange Commission

Prof. Dr. M. Khairul Hossain
Chairman

Phone (PABX): +880-2-9568101-2, +880-2-9561525, Fax: +880-2-9563721, e-mail: secbd@bdmail.net, Web: www.secbd.org, www.sec.gov.bd