RegAlert

Rule · BSEC · 1 Oct 2009

Order related to margin rule

securities
credit
market-abuse

The Securities and Exchange Commission prohibits margin lending for newly listed securities on the stock exchange for thirty trading days following listing, and for securities undergoing a change in category for thirty trading days following the first trading day of the new category. This order amends Schedule 14 of the Securities and Exchange (Market Regulation and Portfolio Monitoring) Ordinance, 1996, to control market manipulation in the interest of the public. The directive applies to all securities listed or re-categorized on the stock exchange and takes immediate effect upon issuance.

BangladeshBangladesh Securities and Exchange Commission

No. SECR/SME/SSD/2001-50/167, October 01, 2009

Order

Whereas, the Securities and Exchange Commission is of the opinion that it is necessary to control certain matters regarding margin lending in the interest of the public, as mentioned in Section 36 of the Securities and Exchange (Market Regulation and Portfolio Monitoring) Ordinance, 1996;

Therefore, the Securities and Exchange Commission, exercising the powers conferred under Schedule 14 of the said Ordinance, hereby issues the following order regarding margin lending for securities:

  1. No margin lending shall be permitted for the purchase of any security newly listed on the stock exchange from the first trading day after listing until the thirtieth trading day;

  2. In the case of a change in the category of any security listed on the stock exchange, no margin lending shall be permitted for the purchase of such security from the first trading day of the new category until the thirtieth trading day of the new category.

This order shall come into force immediately.

By Order of the Securities and Exchange Commission

Md. Ziaul Haque Khan
Chairman

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Ordinance of 1996Not in RegAlertOrdinance of 1996 — Not in RegAlertOrder related to margin rule2009-10-01 · this documentOrder related to margin rule (2009-10-01)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
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Issued under
  • Ordinance of 1996Not in RegAlert

    “exercising the powers conferred under Schedule 14 of the said Ordinance”

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