Temporary relaxations regarding compliance with submission requirements

BANGLADESH SECURITIES AND EXCHANGE COMMISSION
Securities Commission Bhaban
E-6/C Agargaon, Sher-e-Bangla Nagar
Administrative Area, Dhaka1207, Bangladesh

BSEC/SRMICD/2011/1240/part-7/106

April 22, 2021

ORDER

Whereas, the Bangladesh Securities and Exchange Commission deems it to be proper that in the interest of investors in securities and the capital market, certain directions should be issued to the Stock Exchanges and listed companies/securities regarding publication and dissemination of Price Sensitive Information and requirements of monthly/quarterly submissions and other submissions to the Commission and the Exchanges;

Whereas, some listed companies and Bangladesh Association of Publicly Listed Companies requested to the Commission seeking temporary relaxations regarding compliance with the provisions of Listing Regulations or other securities laws relating to different submissions due to countrywide strict lockdown to curb the effect of Coronavirus and its risk of spreading;

Now, therefore, in exercise of the power conferred by Section 20A of the Securities and Exchange Ordinance, 1969 (XVII of 1969), the Bangladesh Securities and Exchange Commission hereby directs the following issues to the Dhaka Stock Exchange Limited, the Chittagong Stock Exchange Limited and all listed companies, namely:-

a) All the listed companies are, hereby, given a temporary relaxations regarding compliance with the provisions of Listing Regulations or other securities laws relating to the requirements of monthly/quarterly submissions and other submissions other than price sensitive information to the Commission and the Exchanges up to 25 May 2021 subject to the limitations or compliances in other regulatory framework; and

b) The Stock Exchanges are advised to bring the provisions of this order to the notice of all the listed companies and also disseminate on their websites.

This Order shall have immediate effect.

By order of the Bangladesh Securities and Exchange Commission

(Signature)
Professor Shibli Rubayat-Ul-Islam
Chairman.

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