Regarding earning distribution of Open-End Mutual Fund Scheme

The Bangladesh Securities and Exchange Commission restricts the July 15, 2026 directive on retaining profits instead of declaring cash dividends to apply exclusively to open-end mutual funds. This clarification ensures that the option to retain scheme profits rather than distribute earnings is not extended to other fund types. The directive takes immediate effect upon issuance.

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Bangladesh Securities and Exchange Commission Legal Division CMRR Department Regulatory Section www.sec.gov.bd

Reference No.- 53.02.0000.201.22.0133.06.107 Date: 29 July 2026

Direction

Whereas, the Bangladesh Securities and Exchange Commission, with the objective of protecting the best interests of investors and encouraging investment in the open-end mutual fund sector, has, under the powers conferred by Section 20A of the Securities and Exchange Ordinance, 1969, through a direction dated 15 July 2026 (Ref No.- 53.02.0000.201.22.0133.06.106), provided the option to retain profits achieved in the scheme instead of declaring cash dividends in specific cases;

Therefore, under the powers conferred by Section 20A of the Securities and Exchange Ordinance, 1969, the Commission hereby directs that the aforementioned direction (Ref No.- 53.02.0000.201.22.0133.06.106 dated 15 July 2026) shall apply only to open-end mutual funds.

This direction shall come into force immediately.

By Order of the Bangladesh Securities and Exchange Commission

(Signature)
Masud Khan
Chairman.

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Lineage: In force

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Source: Bangladesh Securities and Exchange Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works