Order related to amendment of settlement of transaction regulation 1998 of stock exchanges

No SEC/SRMID/94-231/272 Date: 25 September 2004 ORDER Whereas, the Securities and Exchange Commission deems it to be expedient that, in the interest of the investors and the capital market, certain further amendments should be made in the Settlement of Transactions Regulations, 1998 of Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd. in respect of settlement of spot trades in the demat scrips; Now, therefore, the Securities and Exchange Commission, in exercise of its power conferred by section 34, sub-section (4) of the Securities and Exchange Ordinance, 1969 (XVII of 1969), hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. to amend their respective Settlement of Stock Exchange Transactions Regulations, 1998 to make provision for settlement of spot trades in the demat scrips through respective clearing houses only of the said stock exchanges, instead of the existing system provided in the said Regulations, which will have immediate effect. By Order of the Commission Farhad Ahmed Executive Director Distribution:

1. Chairman, SEC
2. Members, SEC
3. All Departmental Heads, SEC
4. Chief Executive Officer, DSE, CSE, CDBL