Rule · BSEC · 7 Dec 2009
The Securities and Exchange Commission orders Central Depository Bangladesh Limited (CDBL) to instruct Depository Participants (DPs) to pay annual fees based on the financial year of July to June rather than the calendar year of January to December. This directive applies to all DPs under CDBL's purview and mandates a change in the fee payment period effective from the order's issuance on December 7, 2009.
No.-SECI/CMARRCDI/2004-140/02 December 07, 2009
Order
In exercise of the powers conferred under Section 14(1) of the Depositories Act, 1999 by the Securities and Exchange Commission, the following order is hereby issued, namely:
Central Depository Bangladesh Limited (CDBL) shall instruct Depository Participants (DPs) to pay their annual fees based on the financial year (July-June) instead of the calendar year (January-December).
By Order of the Securities and Exchange Commission
Mohammad Abdul Hannan Jowarder
Executive Director
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“In exercise of the powers conferred under Section 14(1) of the Depositories Act, 1999 by the Securities and Exchange Commission”
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