Regarding implementation of the Government’s decision on the basis of the special scheme committee’s recommendations for adversely affected small investors (CSE related)

Ref No: SEC/SMR & SD/2009-193/131 10 July 2012

Subject: Regarding implementation of the Government’s decision on the basis of the special scheme committee’s recommendations for adversely affected small investors (CSE related).

Whereas; in order to implement the recommendations of the six-member special scheme committee formed by the Ministry of Finance and Institutional Affairs under the Government's decision and the approval of the Ministry of Finance and Institutional Affairs vide Office Order No. 53.014.031.00.00.085.2005(7)-435 dated 27 November 2011 (Annex-1);

Whereas; in consultation with the stakeholders of the aforementioned committee and the regulators, the Government has decided to implement the special scheme for adversely affected small investors under the jurisdiction of the Ministry of Finance and Institutional Affairs, which has been notified vide Office Order No. 53.014.031.02.00.002.2012-72 dated 05 March 2012 and Office Order No. 53.014.031.02.00.002.2012-237 dated 03 July 2012 (Annex-2, 3);

Whereas; in continuation of this, the committee has decided to include all mutual fund/depository/repository investors under the special scheme for adversely affected small investors based on the information collected from the Central Depository Company (CD) (Annexed);

Therefore; in order to implement the special scheme for adversely affected small investors and to implement the aforementioned scope of the special scheme for adversely affected small investors of the 79 (seventy-nine) listed companies of the Chittagong Stock Exchange Limited under the decision of the Ministry of Finance and Institutional Affairs vide Office Order No. 53.014.031.02.00.002.2012-72 dated 05 March 2012 and Office Order No. 53.014.031.02.00.002.2012-237 dated 03 July 2012, the Securities and Exchange Commission, 1969, under Section 20(A) of the Securities and Exchange Commission Act, 1969, hereby directs:

(a) The Chittagong Stock Exchange Limited to include all listed companies under its jurisdiction in the aforementioned special scheme;

(b) The Chittagong Stock Exchange Limited to submit a compliance report regarding the aforementioned special scheme to the Commission by 14 August 2012 and a comprehensive implementation report by 30 August 2012.

Sikder Urin Tej & A: Change Commission Order

Professor Dr. M. Khairul Hossain
Chairman.