RegAlert

Rule · BSEC · 1 Oct 2009

Regarding Z-category Securities, newly listed Security, change to categorization

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The Securities and Exchange Commission directs the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. to exclude securities of issuer companies under ‘Z’-category and those failing to submit updated accounts or join the Central Depository System by December 31, 2009, from being treated as “marginable securities” under the Margin Rules, 1999. Stock brokers are prohibited from providing loan facilities to purchase any newly listed security during the first 30 trading days after listing, or any existing listed security during the first 30 trading days following a change in its categorization. These directives take immediate effect.

BangladeshBangladesh Securities and Exchange Commission

No.SEC/CMRRCD/2001-43/169 October 01, 2009 DIRECTIVE In exercise of the power conferred by section 20A of the Securities and Exchange Ordinance, 1969 (XVII of 1969), the Securities and Exchange Commission hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd. that; -

  1. The stock exchanges shall not entertain the securities of the issuer companies
    under ‘Z’-category and the securities of those companies which have failed to submit the updated accounts and will have failed to join the Central Depository System within December 31, 2009, as “marginable securities” under clause (d) of sub-rule (12) of rule 3 of the Margin Rules, 1999;
  2. The stock brokers shall not provide loan facilities￾a) to purchase any newly listed security in between 1st to 30th trading day
    after listing of the said security; b) to purchase any existing listed security in between 1st to 30th trading day after change of categorization of the said security. This shall have immediate effect. By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker
Chairman.

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Margin Rules, 1999Not in RegAlertMargin Rules, 1999 — Not in RegAlertSecurities and Exchange Ordinance,1969 (XVII of 1969)Not in RegAlertSecurities and Exchange Ordinance, 1969 (XVII of 1969) — Not in RegAlertRegarding Z-categorySecurities, newly listed Secu…2009-10-01 · this documentRegarding Z-category Securities, newly listed Security, change to categorization (2009-10-01)
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
  • Margin Rules, 1999Not in RegAlert

    “under clause (d) of sub-rule (12) of rule 3 of the Margin Rules, 1999”

  • Securities and Exchange Ordinance, 1969 (XVII of 1969)Not in RegAlert

    “In exercise of the power conferred by section 20A of the Securities and Exchange Ordinance, 1969 (XVII of 1969)”

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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

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