Regulatory Alerts2017-04-12
Added · Updated
Purchase by Bangladesh residents of Taka bonds issued by foreign owned/controlled companies in Bangladesh
General approval is accorded for individuals and institutions resident in Bangladesh to purchase Taka bonds issued by foreign owned or controlled companies. This authorization applies specifically to bonds issued with the permission of the Bangladesh Securities and Exchange Commission. The regulation operates under Section 18(2) of the FER Act, 1947, which previously required specific or general approval from Bangladesh Bank for such transactions. This circular takes effect immediately.
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