Rule · BSEC · 12 Dec 2023
The Bangladesh Securities and Exchange Commission extends the deadline for listed companies that have not yet published their Principles on Disclosure of Material Information and Price Sensitive Information on their own websites to do so by January 31, 2024. This extension applies to companies required to prepare and publish these principles under Rule 3(2) of the Prohibition of Dealing with Prohibited Business Regulations, 2022. The order is issued under Section 20A of the Securities and Exchange Ordinance, 1969, and takes immediate effect.
Bangladesh
Golden Jubilee
Bangladesh
Bangladesh Securities and Exchange Commission
"Mujib Year's Pledge
Capital Market Will Be the Source of Development-Funding"
Order
Date: December 11, 2023
No. BSEC/CMMRCDI/2021-396/70:- Whereas, the Bangladesh Securities and Exchange Commission (hereinafter referred to as the "Commission") has been informed that certain companies listed in the capital market have prepared the Principles on Disclosure of Material Information and Price Sensitive Information in accordance with Rule 3(2) of the Bangladesh Securities and Exchange Commission (Prohibition of Dealing with Prohibited Business) Regulations, 2022 (hereinafter referred to as the "Regulations"), and it is necessary to extend the time for these companies to publish such principles on their own websites within 3 (three) months from the date of publication of the said Regulations in the Government Gazette, in order to properly comply with the existing obligation;
Therefore, in the larger interest of the capital market and to ensure proper compliance with the Regulations, the Commission, exercising the powers conferred under Section 20A of the Securities and Exchange Ordinance, 1969, has issued the following order:-
Companies that have not yet published the Principles on Disclosure of Material Information and Price Sensitive Information prepared in accordance with Rule 3(2) of the Regulations on their own websites shall publish such principles on their own websites by January 31, 2024.
This order shall come into force immediately.
By Order of the Bangladesh Securities and Exchange Commission
(Signature)
Professor Shiblity Rubaiyat-ul-Islam
Chairman.
Securities Commission Building, E-6/C, Agargaon, Sher-e-Bangla Nagar Administrative Area, Dhaka-1207 Phone (PABX) : +88-02-55007131-2 Fax : +88-02-55007106 E-mail : info@sec.gov.bd Web : www.sec.gov.bd
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“exercising the powers conferred under Section 20A of the Securities and Exchange Ordinance, 1969”
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