RegAlert

Rule · BSEC · 20 Oct 2009

Order related to non-margin for non-demated securities

securities
credit

The Securities and Exchange Commission prohibits any merchant banker from providing margin loans for the purchase of securities of listed issuers on the stock exchange. This order is based on the powers granted under Instruction No. 14 of the Schedule to the Securities and Exchange Commission (Merchant Banker and Portfolio Manager) Rules, 1996, and is intended to regulate such lending in the public interest. The order takes immediate effect upon issuance.

BangladeshBangladesh Securities and Exchange Commission

No. SECI/CMARRCDD/2001-43/192 October 20, 2009

Order

Whereas the Securities and Exchange Commission is satisfied that it is necessary in the public interest to regulate certain additional matters regarding the provision of margin loans by merchant bankers as mentioned in Rule 36 of the Securities and Exchange Commission (Merchant Banker and Portfolio Manager) Rules, 1996;

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

No merchant banker shall provide any margin loan for the purchase of securities of listed issuers on the stock exchange.

This order shall come into force immediately.

By order of the Securities and Exchange Commission,

Md. Ziaul Haque Khondker
Chairman.

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Rule 36 of the Securities andExchange Commission (Merchant Ban…Not in RegAlert · 1996Rule 36 of the Securities and Exchange Commission (Merchant Banker and Portfolio Manager) — Not in RegAlert · 1996Order related to non-marginfor non-demated securities2009-10-20 · this documentOrder related to non-margin for non-demated securities (2009-10-20)
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Issued under
  • Rule 36 of the Securities and Exchange Commission (Merchant Banker and Portfolio Manager)Not in RegAlert · 1996

    “regulate certain additional matters regarding the provision of margin loans by merchant bankers as mentioned in Rule 36 of the Securities and Exchange Commission (Merchant Banker and Portfolio Manager) Rules, 1996”

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