Regarding the Use of Same Mobile Number, National ID, and Bank Account for Multiple BOs

Bangladesh Securities and Exchange Commission
Securities Commission Building, E-6/C, Agargaon, Sher-e-Bangla Nagar Administrative Area, Dhaka-1207, Bangladesh.

BSEC/CDS/10/2016/435

June 20, 2019

Managing Director and CEO
Central Depository Bangladesh Limited
BDCL Building (19th Floor)
12, Kawran Bazar
Dhaka-1215

Subject: Regarding the Use of Same Mobile Number, National ID, and Bank Account for Multiple BOs.

Sir,

In response to your letter dated May 20, 2019, regarding the subject above, you are requested to distribute the attached circular to all Depository Participants (DPs) without delay and to submit a compliance report to the Commission regarding the implementation of this matter by July 31, 2019.

For Bangladesh Securities and Exchange Commission,

(Signature) 20/06/2019
Syed Muhammad Golam Molla
Assistant Director (CDS)
Telephone Number- +88 02-55007131, 55007132, Ext-1412 E-mail- gmowla@sec.gov.bd

Attachment: 1 (one) page

Copy to: PS to Chairman, BSEC.

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Bangladesh Securities and Exchange Commission
Securities Commission Building, E-6/C, Agargaon, Sher-e-Bangla Nagar Administrative Area, Dhaka-1207, Bangladesh.

Memo No.- BSEC/CDS/10/2016/436
Date: June 20, 2019

Circular

Subject: Regarding the Use of Same National ID, Mobile Number, and Bank Account Number for Various BOs.

It has recently been observed that in some cases, the same National ID, mobile number, and bank account number are being used for various BOs, which is illegal and not desirable in any way.

Through this circular, the attention of all Depository Participants is drawn to the fact that if there are such issues in their BO accounts, they must be corrected by July 21, 2019. It is noted that the National ID, mobile number, and bank account used for the BO account must belong to the person in whose name the BO account is maintained; under no circumstances can another person's National ID, mobile number, or bank account be used.

Furthermore, Depository Participants are requested to incorporate the account holder's email (if available) in the BO account so that account holders can easily receive all statements and notices of the company or mutual fund via email.

Cooperation from all Depository Participants regarding the aforementioned matter is requested.

By Order of Bangladesh Securities and Exchange Commission,

(Signature) 20/06/2019
Farhad Ahmed
Executive Director
SRI and CDS Division, BSEC
Telephone- 55007142
Email: farhad@sec.gov.bd