RegAlert

Rule · BSEC · 10 Jul 2012

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

securities

The Securities and Exchange Commission directs all stock brokers under the Dhaka Stock Exchange to submit a compliance report regarding the final list of adversely affected small investors to the Dhaka Stock Exchange by August 14, 2012. The Dhaka Stock Exchange is further instructed to submit a consolidated report to the Commission by August 30, 2012. These actions implement government decisions based on the Special Scheme Committee's recommendations to protect small investors.

BangladeshBangladesh Securities and Exchange Commission

No. SECMRRCD/2009-193/130 10 July 2012

Directive

Whereas, in order to implement a special scheme for the protection of the interests of small investors in the capital market, a Special Scheme Implementation Committee consisting of six members was formed through Gazette Notification No. 53.014.031.00.00.085.2005(7)-435 dated 27 November 2011 (Annex-1) of the Ministry of Finance, Department of Bank and Financial Institutions, Government of the People's Republic of Bangladesh.

Whereas, in light of the recommendations of the aforementioned Committee and after discussions with all concerned sectors, the Government of the People's Republic of Bangladesh has taken decisions for ensuring stability in the capital market and protecting the interests of small investors, which are included in Office Memorandum No. 53.014.031.02.00.002.2012-72 dated 05 March 2012 and Memorandum No. 53.014.031.02.00.002.2012-237 dated 03 July 2012 of the Department of Bank and Financial Institutions, Ministry of Finance, Government of the People's Republic of Bangladesh (Annex-2, 3).

Whereas, in continuation of this, the Committee has prepared the final list of adversely affected small investors under the special scheme by collecting information from all merchant bankers/stock brokers/stock dealers and analyzing the provided information (CD attached).

Therefore, in order to ensure stability in the capital market and protect the interests of small investors, in accordance with the decisions taken by the Government, and in implementation of the directives contained in Office Memorandum No. 53.014.031.02.00.002.2012-72 dated 05 March 2012 and Memorandum No. 53.014.031.02.00.002.2012-237 dated 03 July 2012 of the Department of Bank and Financial Institutions, Ministry of Finance, Government of the People's Republic of Bangladesh, regarding the final list of adversely affected small investors of 209 (two hundred nine) stock brokers included in the Dhaka Stock Exchange, the Securities and Exchange Commission, exercising the powers conferred under Section 20 of the Securities and Exchange Ordinance, 1969, hereby directs:

(a) All concerned stock brokers under the Dhaka Stock Exchange to submit a compliance report regarding the aforementioned final list to the Dhaka Stock Exchange by 14 August 2012; and

(b) The Dhaka Stock Exchange to submit a consolidated report regarding this to the Commission by 30 August 2012 to ensure the above compliance.

By Order of the Securities and Exchange Commission

Professor Dr. M. Khairul Hossain
Chairman.

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Memorandum No.53.014.031.02.00.002.2012-237 dat…Not in RegAlert · Ministry of Finance, Department of Bank and Financial InstitutionsMemorandum No. 53.014.031.02.00.002.2012-237 dated 2012-07-03 — Not in RegAlert · Ministry of Finance, Department of Bank and Financial InstitutionsSecurities and Exchange Ordinance,1969Not in RegAlertSecurities and Exchange Ordinance, 1969 — Not in RegAlertRegarding implementation ofthe Government’s decision on …2012-07-10 · this documentRegarding implementation of the Government’s decision on the basis of the special scheme committee’s recommendations for adversely affected small investors (DSE related) (2012-07-10)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Issued under
  • Memorandum No. 53.014.031.02.00.002.2012-237 dated 2012-07-03Not in RegAlert · Ministry of Finance, Department of Bank and Financial Institutions

    “decisions... are included in... Memorandum No. 53.014.031.02.00.002.2012-237 dated 03 July 2012”

  • Securities and Exchange Ordinance, 1969Not in RegAlert

    “exercising the powers conferred under Section 20 of the Securities and Exchange Ordinance, 1969, hereby directs”

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