RegAlertRule · BSEC · 16 Oct 2008
Time limit for BO Account regularization
The Securities and Exchange Commission extends the deadline for Beneficial Owner (BO) account regularization to December 31, 2008. Investors may submit a self-signed photocopy of the relevant bank certificate or National Identity Card to regularize accounts, a provision also applicable to new BO account openings. The Capital Market Development Limited (CDPBL) and the two stock exchanges are required to conduct extensive publicity campaigns to encourage investors to regularize their accounts within the specified timeframe.
SECI/SRMID/2007-12/1172/22
16 October 2008
Partial Amendment of Instructions Regarding Beneficial Owner (BO) Account Memo No. SECI/SRMID/2007-12/1172/1532 dated: 19 November 2007, SECI/SRMID/2007-12/1172/50 dated: 17 March 2008, and SECI/SRMID/2007-12/1172/213 dated: 30 June 2008 Through the aforementioned memos, the Securities and Exchange Commission has extended the time limit for implementing the Commission's decision on the regularization of Beneficial Owner (BO) accounts until 31 December 2008. In the matter of regularization, investors may provide a self-signed photocopy of the relevant bank certificate or National Identity Card (National Identity Card). This decision will also apply to the opening of new BO accounts. In order to encourage investors to regularize BO accounts within the aforementioned period, CDPBL and the two stock exchanges will conduct extensive publicity campaigns. By Order of the Securities and Exchange Commission Mohammad Abdul Hannan Zoardar Executive Director Distribution:
Chief Executive Officer, CDPBL
Chief Executive Officer, DSE
Chief Executive Officer, CSE
Website, SECI
Public Reference Room, SECI
Copy for information to:
All Members, SECI
All Executive Directors, SECI
Office of the Chairman, SECI
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