RegAlert

Rule · BSEC · 5 Oct 2009

Order related to margin loan

securities
credit

The Securities and Exchange Commission prohibits margin loans for the purchase of securities issued by companies listed in the Stock Exchange's 'Two' category, as well as companies that have failed to submit updated annual reports or are unable to join the Central Depository System (CDS) by December 31, 2009. This order amends Instruction No. 14 of the Schedule under the Securities and Exchange Commission (Merchant Bankers and Portfolio Managers) Rules, 1996, to regulate margin lending in the public interest. The directive takes immediate effect.

BangladeshBangladesh Securities and Exchange Commission

No. SECI/CMMRRCID/2001-50/174 October 05, 2009

Order

Whereas, the Securities and Exchange Commission is satisfied that, in the matter of margin loans provided by Merchant Bankers under Rule 36 of the Securities and Exchange Commission (Merchant Bankers and Portfolio Managers) Rules, 1996, it is necessary to control certain additional matters in the public interest;

Therefore, in exercise of the powers conferred under Instruction No. 14 regarding margin loans in the Schedule to the said Rules, the Commission hereby issues the following order:

No margin loan shall be provided for the purchase of securities of companies issuing securities listed in the 'Two' category of the Stock Exchange, nor for the securities of any company that has failed to submit updated annual reports, nor for the securities of any company that is unable to join the Central Depository System (CDS) by December 31, 2009.

This order shall take immediate effect.

By order of the Securities and Exchange Commission,

Mansur Alam
Chairman (Additional Charge).

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Securities and Exchange Commission(Merchant Bankers and Portfolio M…Not in RegAlertSecurities and Exchange Commission (Merchant Bankers and Portfolio Managers) Rules, 1996 — Not in RegAlertOrder related to margin loan2009-10-05 · this documentOrder related to margin loan (2009-10-05)
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  • Securities and Exchange Commission (Merchant Bankers and Portfolio Managers) Rules, 1996Not in RegAlert

    “in the matter of margin loans provided by Merchant Bankers under Rule 36 of the Securities and Exchange Commission (Merchant Bankers and Portfolio Managers) Rules, 1996”

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