RegAlert

Rule · BSEC · 27 Oct 2015

Regarding Margin Loan to Purchase Newly Listed Securities and Securities After Change of Categories (for Merchant Bankers)

securities

The Bangladesh Securities and Exchange Commission prohibits merchant bankers from providing margin loans for the purchase of securities listed on a stock exchange during the first thirty trading days following initial listing or a change in the security's category. This directive, effective immediately, revokes a previous order from November 28, 2012, and reinstates the provisions of the order dated October 1, 2009. The restriction applies specifically to transactions involving newly listed securities or those undergoing a category change.

BangladeshBangladesh Securities and Exchange Commission

Bangladesh Securities and Exchange Commission

Jiban Bima Tower (15th, 16th, 17th and 21st Floor), 10 Dilkusha B/ A, Dhaka-1000, Bangladesh.

No.-SEC/CMRRCD/2009-193/78

October 27, 2015

Order

In exercise of the powers conferred under Note 14 of the Schedule to Rule 36 of the Securities and Exchange Commission (Merchant Banker and Portfolio Manager) Rules, 1996, the Bangladesh Securities and Exchange Commission hereby cancels the Order No.-SEC/CMRRCD/2009-193/139 dated November 28, 2012, previously issued to merchant bankers, with the result that Order No.-SEC/CMRRCD/2001-50/157 dated October 01, 2009, containing clauses 1 and 2 below, comes into force:

“1. No margin loan shall be provided for the purchase of any security newly listed on a stock exchange from the first trading day after its listing until the thirtieth trading day;

  1. In the case of a change in the category of any security listed on a stock exchange, no margin loan shall be provided for the purchase of such security from the first trading day after the change in category until the thirtieth trading day.”

This order shall come into force immediately.

By Order of the

Bangladesh Securities and Exchange Commission,

(Signature)

Dr. M. Khairul Hossain

Chairman.

Phone (PBX): +880-2-9568101-2, +880-2-9561525, Fax: +880-2-9564351, E-mail: secbd@bdmail.net, Web: www.secbd.org, www.sec.gov.bd

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CMRRCD Order No. 2009-193/139dated 2012-11-28Not in RegAlertCMRRCD Order No. 2009-193/139 dated 2012-11-28 — Not in RegAlertRegarding Margin Loan toPurchase Newly Listed Securit…2015-10-27 · this documentRegarding Margin Loan to Purchase Newly Listed Securities and Securities After Change of Categories (for Merchant Bankers) (2015-10-27)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
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Supersedes
  • CMRRCD Order No. 2009-193/139 dated 2012-11-28Not in RegAlert

    “the Bangladesh Securities and Exchange Commission hereby cancels the Order No.-SEC/CMRRCD/2009-193/139 dated November 28, 2012”

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