Rule · BSEC · 18 Apr 2005
The Securities and Exchange Commission withdraws Order No. SEC/SRMID/94-231/379 dated 21 December 2004, which had suspended the operation of the Margin Rule, 1999. This withdrawal takes effect from 19 April 205. The order directs the Chief Executive Officers of the Dhaka Stock Exchange and the Chittagong Stock Exchange to disseminate the order to all members through the online trading system immediately.
SEC/SRMID/94-231/641 18 April 2005
ORDER
Whereas, the Securities and Exchange Commission deems it to be expedient that, in the interest of the investors and the capital market, the order related to suspension of Margin Rule, 1999 should be withdrawn. Now, therefore, the Securities and Exchange Commission, in exercise of its power conferred by section 33 of the Securities and Exchange Ordinance, 1969 (XVII of 1969), hereby withdraws its earlier Order No. SEC/SRMID/94-231/379 dated 21 December 2004 (by which the Commission suspended the operation of Margin Rule, 1999 till further order) with effect from 19 April 2005. On behalf of the Commission Farhad Ahmed Executive Director Distribution:
The Chief Executive Officer,
DSE
The Chief Executive Officer,CSE with a request to send a copy of this order to all of their members and disseminate the aforesaid order, through on-line trading system immediately. Copy to:
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“withdraws its earlier Order No. SEC/SRMID/94-231/379 dated 21 December 2004”
“in exercise of its power conferred by section 33 of the Securities and Exchange Ordinance, 1969”
This document supersedes: Suspension of operation of Margin Rules 1999
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