cÂg fvM

808
 Directives/Orders/Circulars

No. SEC/Chairman-2/96/464 Dated: 26 December 1996

Notification

WHEREAS it has appeared to the Securities and Exchange Commission

(SEC) that there has been unusual and abnormal price fluctuation in the
Dhaka Stock Exchange and Chittagong Stock Exchange in the recent past,

AND WHEREAS there has been a general allegation by the investors that
there has been some fraudulent acts and insider trading which may have
contributed to the abnormal fluctuation in the prices of certain issues,

AND WHEREAS there have been further allegations of lack of

transparency, systemic deficiency and managements inadequacies etc. in
the conduct of trade by the stock exchanges,

AND WHEREAS it is the responsibility of the SEC to protect the interest

of the investors in securities and to promote the development of and
regulate the capital and securities market,

AND WHEREAS it appears to the Commission that an impartial enquiry

into these allegations is expedient in the interest of long term stability of
the Bangladesh share market and to restore the confidence of the investors
in the share market,

NOW, THEREFORE, the Commission in exercise of the power vested in

it under Section 21 of the Securities and Exchange Ordinance (Ordinance
No. XVII of 1969) hereby constitute a Committee comprising the

809
following persons to carry out an independent enquiry into the matter with
all attendant powers given in that Section:

01. Professor Amirul Islam

Chowdhury, Vice- Chairman
Chancellor, Jahangirnagar
University
02. Mr. Mirza Asaduzzaman
Al-Farooq, Ex-Secretary, Member
Ministry of Law and
Parlimentary Affairs
(Retd)

03. Professor A. T. M. Zahurul

Huq, Chairman, Member
Department of Economics,
Dhaka University
04. A Reputed Chartered
Accountant Member
05. Representative, FBCCI Member

2. The Terms of Rererence of the Enquiry Committee shall be as follows:

(a) The Committee shall enquire into:
(i) the afairs of Dhaka Stock Exchange and Chittagong Stock
Exchange including any systemic deficiency in the conduct of
trade in those exchanges or of any issuer of a listed security
therein or
(ii) The business or any transaction in securities by any member, the
director or officer of those stock exchanges or of an issuer, or of
a director or officer thereof, or by any person who is directly or

810
 indirectly the beneficial owner of not less than five percent of a
listed security therein;

and to identify those who may have been involved in fraudulent

acts within the meaning of Section 17 of the aforementioned
Ordinance and insider trading and diagnose the systemic
deficiencies in the conduct of trade which may have contributed
to the recent abnormal fluctuation in the prices in the securities
market and shall submit its findings to the SEC.

(b) The Committee may co-opt any other person if needed.

(c) The Committee shall complete the Enquiry within one month of
notification of the constitution of the Enquiry Committee.
(d) SEC shall provide necessary secretarial services to the Enquiry
Committee.

By order of the Securities and Exchange Commission

Dr. Mohammad Haroonur Rashid

Chairman

811
No. SEC/Chairman-2/96/469 Dated: 31 December 1996

Notification

In pursuance of SEC Notification No. SEC/Chairman-2/96/464 dated 26

December 1996 the Comission is pleased to include the following person
in the Enquiry Committee.

Mr. Moniruddin Ahmed, FCA

Chairman
Bangladesh Jute Mills Corporation

Dr. Mohammad Haroonur Rashid

Chairman

812
SEC/CFD/12:20/99/
Dated: February 23, 2000

ORDER

For the protection of investors, regulating the capital market and dealing in
securities, the Securities and Exchange Commission, in exercise of the
power under section 2CC of the Securities and Exchange Ordinance, 1969,
decides that any consent or recognition accorded under Section 2A or 2B
of the said Ordinance would also be subject to the following conditions:

(1). All public listed companies shall make immediate full disclosure of
all price sensitive information, as defined in the wmwKDwiwUR I G·‡PÄ
Kwgkb (myweav‡fvMx e¨emv wbwl×KiY) cÖweavbgvjv 1995, by ensuring
simultaneous publication of the disclosure in two widely circulated
daily newspapers, one in Bangla and the other in English; and

(2). All public listed companies after despatching half yearly accounts
concerned to the Shareholders and the Stock Exchange(s) shall
publish, within 7 (seven) days, notice in at least 2 (two) widely
circulated daily newspapers, one in Bangla and the other in English,
confirming the fact that the company has despatched such half-
yearly accounts to all shareholders and the Stock Exchange(s)
mentioning period of the said accounts and the date of despatch.

R. Tareque Moudud
Executive Director
Securities and Exchange Commission

813
No.SEC/CMRRCD/2001-45/62
Dated: 6th May, 2002

DIRECTIVE

In order to maintain uniformity in the securities related regulations of the

stock exchanges, the Securities and Exchange Commission, in exercise of
the power conferred by section 20A of the Securities and Exchange
Ordinance, 1969, (XVII of 1969), hereby directs the Dhaka Stock
Exchange Ltd. to comply the following, and also to take necessary
steps/measures to ensure strict compliance thereof:

“All shares of public companies listed with the exchange shall be

sold through the trading system of the exchange:

Provided, however, where the transaction of such shares are

intended to take place under exceptional circumstances in private
or are to be transferred by way of gift, the stock broker/stock
dealer, or seller, shall apply through the exchange to the Securities
and Exchange Commission for prior approval to effect such
transaction in the appropriate form set out for the purpose.

In every instance the stock brokers or dealers may assist the parties
involved to finalize the transfers and levy a nominal fee instead of
brokerage.”

The Commission also directs the Dhaka Stock Exchange Ltd. to amend its
listing regulations in the line of the above directive.

814
This directive is issued in the interest of the investors and the securities
market and shall take immediate effect.

By Order of the Commission

Manir Uddin Ahmad

Chairman.

815
bs-GmBwm/GmAviGgAvBwW/2004-08/1116-239
ZvwiL: 29/8/2004

e¨e¯’vcbv cwiPvjK
mKj ZvwjKvf~³ †Kv¤úvbx

welq : †Kv¤úvbxi g~jab I †kqvi †nvwìs m¤úwK©Z gvwmK Z_¨ cÖm‡½

ZvwjKvf~³ †Kv¤úvbxi †kqvi‡nvwìs m¤úwK©Z weeiYx mnRxKib Ges GKxf~Z K‡i Kwgkb
KZ©„K wmwKDwiwUR I G‡·‡PÄ AwW©b¨vÝ, 1969 Gi 12(2) avivq BwZc~‡e© Bmy¨K…Z
SEC/Section-7/98-135 ZvwiL 26 Rvbyqvix 1998, SEC/Section-7/98-136
ZvwiL 26 Rvbyqvix 1998 Ges GmBwm/GmAviGgAvBwW/2001-1006/1151 ZvwiL 15
A‡±vei 2001Bs Av‡`kmg~n GZØviv evwZj K‡i wbgœwjwLZ weeiYx Abyhvqx cÖwZ Bs‡iRx
cwÄKv gv‡mi 10 Zvwi‡Li g‡a¨ c~e©eZ©x gv‡mi †kqvi‡nvwìs Gi weeiYx cÖ‡Z¨K ZvwjKvf~³
†Kv¤úvbx KZ…K
© Kwgk‡bi †cÖi‡Yi Rb¨ wmwKDwiwUR I G‡·‡PÄ AwW©b¨vÝ, 1969 Gi 11(2)
avivq Av‡`k Rvix Ki‡jv :

01| cÖ‡hvR¨ gv‡mi bvg I ermi : --------------------------

02| †gvU cwi‡kvwaZ g~jab (UvKv) : --------------------------
03| †gvU cwi‡kvwaZ †kqvi msL¨v : --------------------------
04| cÖ‡Z¨K D‡`¨v³v/cwiPvjKMb KZ©„K aviYK…Z †kqv‡ii weeiY, †hgb-

D‡`¨v³v/ †kqv‡ii c~‡e©i cv_©‡K¨i KviY, µq/weµq ev n¯ÍvšÍ‡ii

cwiPvj‡Ki msL¨v (gv‡mi gv‡mi †hgb- †kqvi ‡¶‡Î 25 gvP© 2001
bvg †kl Zvwi‡L) †kqvi µq/weµq/n¯Ív Zvwi‡L (16 GwcÖj 2001
msL¨vi šÍi, ivBU Zvwi‡L evsjv‡`k †M‡RU
mv‡_ †kqvi cÖKvwkZ) RvwiK…Z
cv_©K¨ MÖnY/†evbvm †bvwUwd‡Kkb bs
(%) †kqvi cÖvwß SEC/SRMID/2000-
BZ¨vw` 953/313/Admin-06
Abyhvqx c~e© †NvlYv †`qv
n‡qwQj wKbv Zvi weeiY
(K)
(L)
(M)
†gvU

816
05| 10% ev ZÏy‡a©I cÖ‡Z¨K †kqvi‡nvìvi KZ…©K aviYK…Z †kqv‡ii weeiY, †hgb-

†kqvi †kqv‡ii c~‡e©i cv_©‡K¨i KviY, µq ev n¯ÍvšÍ‡ii

†nvìv‡ii msL¨v (gv‡mi gv‡mi †hgb- †kqvi gva¨‡g †kqv‡ii
bvg †kl Zvwi‡L) †kqvi µq/weµq/n¯Ív msL¨v e„w× †c‡j Zv
msL¨vi šÍi, ivBU wmwKDwiwUR I
mv‡_ †kqvi G‡·‡PÄ Kwgkb
cv_©K¨ MÖnY/†evbvm (D‡jøL‡hvM¨ msL¨K
(%) †kqvi cÖvwß †kqvi AR©b, AwaMÖnY
BZ¨vw` I KZ©„KMÖnY)
wewagvjv, 2002
Abyhvqx AwaMÖnY Kiv
n‡qwQj wKbv Zvi
weeiY
(K)
(L)
(M)
†gvU

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g

dinv` Avn‡g`
wbe©vnx cwiPvjK

817
SEC/CMRRCD/2004-129-378 December 19, 2004

DIRECTIVE

Whereas, the Securities and Exchange Commission is satisfied that in the

interest of the securities market and investors in securities it is necessary
that transactions of the Govt. Treasury Bonds should take place on the
stock exchanges and to that end commission deems it to be expedient that
a directive should be issued to the stock exchanges for listing and
providing trading and settlement facilities to the following securities:

Now, therefore, the Securities and Exchange Commission, in exercise of

the powers conferred in it under section 10, read with section 20A, of the
Securities and Exchange Ordinance, 1969 (XVII of 1969), hereby directs
the Dhaka Stock Exchange Ltd. and the Chittagong Stock Exchange Ltd.
to list and also to provide trading and settlement facilities to the following
securities effective from the first trading day commencing on the 1 st
January 2004.

Name of the Security Coupon Rate

(a) 5 Years Bangladesh Govt. 7.5% payable on half-yearly
Treasury Bond rest
(b) 10 Years Bangladesh Govt. 8.5% payable on half-yearly
Treasury Bond rest.

Provided that:
1. Provisions of the listing regulations of the stock exchanges shall
not be applicable in respect of the above securities.
2. Trading of the above securities shall be on spot basis.
3. Settlement and clearance period for the said securities shall be on
T+1 (trading day plus next business day) basis and that buying
stock-dealer/stock-broker shall deposit the money for the securities
bought in the bank account of the stock exchange concerned.

818
 By Order of the Securities and Exchange Commission

Mirza Azizul Islam

Chairman

Distribution:
 Chief Executive Officer, Dhaka Stock Exchange
 Chief Executive Officer, Chittagong Stock Exchange
 Managing Director & CEO, Central Depository Bangladesh Ltd.
 All Primary Dealers of Government Bond.

Copy to:
 Governor, Bangladesh Bank
 Secretary, Finance Division, Ministry of Finance.

N.B. This Directive has no effect. It has been superseded by the Directive
No. SEC/CMRRCD/ 2009-193/167 dated: January 25, 2015

819
No. SEC/SRMID/2005-02/1126/1280 June 18, 2007

CIRCULAR

Subject: Transfer of securities.

As per Regulation 42 of The Listing Regulations of the DSE and CSE the
trading of securities of the listed companies are not allowed outside the
trading system of the stock exchanges except certain exceptional cases
specified in the said Regulation.

The Commission issued a Directive bearing No. SEC/CMRRCD/2001-

45/62 dated 06.05.2002 emphasizing strict compliance of the said
Regulation. However, the Commission has noticed that ownership of some
securities which were transacted outside the trading system prior to the
issuance of the aforesaid Directive has not yet been executed. Such buyers
apply to the Commission for prior approval to execute transfer of these
securities in their names.

Henceforth, no approval from the Securities and Exchange Commission is

required to effect transfer of securities if the issuer company is satisfied
that the relevant transaction took place before issuance of the Directive
No. SEC/CMRRCD/2001-45/62 dated 06.05.2002.

For Securities and Exchange Commission,

(Mohammad Abdul Hannan Zoarder)

Executive Director

820
GmBwm/GmAviGgAvBwW/2007-12/1172/1532
19 b‡f¤^i 2007

†ewbwdwkqvwi Ibvm© (weI) GKvD›U msµvšÍ wb‡`©k

†h‡nZz wewb‡qvMKvix I wmwKDwiwU evRv‡ii myôy weKv‡ki ¯^v‡_© †ewbwdwkqvwi Ibvm© (weI)
GKvD›U msµvšÍ KwZcq bxwZgvjvi cÖ‡qvM cÖ‡qvRb, †m‡nZz wmwKDwiwUR I GK&ª‡PÄ Kwgkb,
wWcwRUwi AvBb, 1999 (1999 m‡bi 6 bs AvBb) Gi aviv 14 †Z cÖ`Ë ¶gZve‡j mswkøó
mevB‡K wb¤§wjwLZ wb‡`©k cÖ`vb K‡i‡Qt

ÒGLb †_‡K weI GKvD›U †Lvjvi mgq Av‡e`bKvix‡K GKwU e¨vsK mb` `vwLj Ki‡Z n‡e
hv‡Z Av‡e`bKvixi bvg, wcZv-gvZvi bvg I e¨vsK GKvD›U b¤^i D‡jøL¨ _vK‡e| Av‡e`bKvix
KZ…K
© Rgv †`qv Qwei wcQ‡b Zvi ¯^v¶i (¯^v¶iwU e¨vsK GKvD‡›U I weI GKvD‡›Ui
Av‡e`bc‡Î cÖ`vbK…Z GKB ¯^v¶i n‡Z n‡e) _vK‡Z n‡e| G msµvšÍ wb‡`©k Rvwi nIqvi c~‡e©
†Lvjv weI GKvD‡›Ui †¶‡Î wWwciv 6 (Qq) gv‡mi g‡a¨ Dch©y³ wm×všÍ Abyhvqx GKvD›U mgyn
Regularize K‡i wb‡e| Ab¨_vq mswkøó weI GKvD›U 6 (Qq) gvm ci eÜ K‡i w`‡Z n‡e|Ó

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g

†gvnv¤§` Avãyj nvbœvb †Rvqvi`vi

wbe©vnx cwiPvjK

821
bs-GmBwm/GmAviGgAvBwW/94-192/1592 Rvbyqvwi 01, 2008

Av‡`k

‡h‡nZz, wmwKDwiwUR I G·‡PÄ Kwgkb cuywR evRv‡ii Dbœq‡bi j‡¶¨ wmwKDwiwU‡Ri mieivn
e„w× Kiv mgxPxb g‡b K‡i Ges †h‡nZz, MYcÖRvZš¿x evsjv‡`k miKvi GB D‡Ïk¨ ev¯Íevq‡bi
j‡¶¨ Dnv Ges Dnvi wbqš¿Yvaxb ms¯’vmg~n KZ…K
© aviYK…Z ZvwjKvf~³ ‡Kv¤úvbxi wmwKDwiwUR
weµ‡qi wm×všÍ MÖnY Kwiqv‡Qb Ges †h‡nZz, D³ wm×všÍ ev¯Íevq‡bi j‡¶¨ wmwKDwiwUR I
G·‡PÄ Kwgkb (myweav‡fvMx e¨emv wbwl×KiY) wewagvjv, 1995 Gi wewa-4(2) Gi
eva¨evaKZv nB‡Z ZvwjKvf~³ ‡Kv¤úvbxi D‡`¨v³v/cwiPvjK wnmv‡e miKvi Ges miKvi
wbqwš¿Z ms¯’vmg~n‡K Ae¨vnwZ †`Iqv cÖ‡qvRb;

‡m‡nZz, wmwKDwiwUR I G·‡PÄ Kwgkb DwjøwLZ wewagvjvi wewa-10 G cÖ`Ë ¶gZve‡j

ZvwjKvf~³ ‡Kv¤úvbxi D‡`¨v³v/cwiPvjK wnmv‡e MYcÖRvZš¿x evsjv‡`k miKvi Ges Dnvi
wbqš¿Yvaxb ms¯’vmg~n‡K Dch©y³ wewa-4(2) Gi eva¨evaKZv nB‡Z Ae¨vnwZ cÖ`vb Kwij| D³
Ae¨vnwZ GB ¯§viK Rvwii ZvwiL nB‡Z cieZ©x 2 (`yB) erm‡ii Rb¨ ejer _vwK‡e|

wmwKDwiwUR I G·‡PÄ Kwgkb Gi Av‡`kµ‡g,

dviæK Avng` wmwÏKx

‡Pqvig¨vb

822
No. SEC/CMRRCD/2008-178/679
Dated: 15 January 2008

Order

Whereas, the Securities and Exchange Commission is satisfied that in the

interest of investors and securities market, the sponsors or directors of
companies listed on stock exchanges and placed under „Z‟-category
should be barred from trading for implementing the Notification No.
SEC/CMRRCD/2001-14/Admin/03/06 dated 1st August 2002, published
in the Bangladesh Gazette on 7th August 2002, for the time being;

Now, therefore, with a view to facilitating the above, the Securities and
Exchange Commission, in exercise of the power conferred by section 20A
of the Securities and Exchange Ordinance, 1969 (XVII of 1969), hereby
directs the companies placed under „Z‟-category at Dhaka Stock Exchange
and Chittagong Stock Exchange to ensure that no sponsor or director
shares of those „Z‟-category companies, excluding bank, insurance and
financial institution, are transacted on the stock exchanges or transferred
outside the stock exchanges in any other form until further order.

This order shall have immediate effect.

By order of the Securities and Exchange Commission

Faruq Ahmad Siddiqi

Chairman

823
No. SEC/CMRRCD/2008-178/680
Dated: 15 January 2008

Order

Whereas, the Securities and Exchange Commission is satisfied that in the

interest of investors and securities market, the sponsors or directors of
companies listed on the stock exchanges and placed under „Z‟-category
should be barred from trading for implementing the Notification No.
SEC/CMRRCD/2001-14/Admin/03/06 dated 1st August 2002, published
in the Bangladesh Gazette on 7th August 2002, for the time being;

Now, therefore, the Securities and Exchange Commission, in exercise of

the power conferred by section 20A of the Securities and Exchange
Ordinance, 1969 (XVII of 1969), hereby directs the Dhaka Stock
Exchange and Chittagong Stock Exchange to ensure that no sponsor or
director shares of the „Z‟-category companies, excluding bank, insurance
and financial institution, are transacted on the stock exchanges or
transferred outside the stock exchanges in any other form until further
order.

This order shall have immediate effect.

By order of the Securities and Exchange Commission

Faruq Ahmad Siddiqi

Chairman

824
GmBwm/GmAviGgAvBwW/2007-12/1172/50
17 gvP© 2008

‡ewbwdwkqvwi Ibvm© (weI) GKvD›U msµvšÍ wb‡`©‡ki AvswkK cwieZ©b

wmwKDwiwUR I G·‡PÄ Kwgkb m~Î bsGmBwm GmAviGgAvBwW/2007-12/1172/1532

ZvwiLt 19 b‡f¤^i 2007 Gi gva¨‡g ‡ewbwdwkqvwi Ibvm© (weI) GKvD›U msµvšÍ wb‡¤§v³
wb‡`©k cÖ`vb K‡iwQjt
ÒGLb †_‡K weI GKvD›U †Lvjvi mgq Av‡e`bKvix‡K GKwU e¨vsK mb` `vwLj Ki‡Z
n‡e hv‡Z Av‡e`bKvixi bvg, wcZv-gvZvi bvg I e¨vsK GKvD›U b¤^i D‡jøL _vK‡e|
Av‡e`bKvix KZ…K
© Rgv †`qv Qwei wcQ‡b Zvi ¯^v¶i (¯^v¶iwU e¨vsK GKvD‡›U I weI
GKvD‡›Ui Av‡e`bc‡Î cÖ`vbK…Z GKB ¯^v¶i n‡Z n‡e) _vK‡Z n‡e| G msµvšÍ wb‡`©k
Rvwi nIqvi c~‡e© †Lvjv weI GKvD‡›Ui †¶‡Î wWwciv 6 (Qq) gv‡mi g‡a¨ Dch©y³ wm×všÍ
Abyhvqx GKvD›U mgyn Regularize K‡i wb‡e| Ab¨_vq mswkøó weI GKvD›U 6 (Qq) gvm
ci eÜ K‡i w`‡Z n‡e|Ó

Dc‡iv³ wm×všÍ ev¯Íevqb mnR Ki‡Z GmBwm Dch©y³ wb‡`©k n‡Z wb‡¤§v³ Ask wejyß K‡i‡Q
Ges weI GKvD›U wbqwgZKi‡bi mgqmxgv 30 Ryb 2008 ch©šÍ ewa©Z K‡i‡Qt

Ò(¯^v¶iwU e¨vsK GKvD‡›U I weI GKvD‡›Ui Av‡e`bc‡Î cÖ`vbK…Z GKB ¯^v¶i n‡Z
n‡e)Ó

weI GKvD›U mswkøó e¨vsK mb` cÖ`vb wel‡q evsjv‡`k e¨vs‡Ki mvK©yjvi bs-02 ZvwiL 02 gvP©,
2008 GZ`ms‡M mshy³ nÕj|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g

†gvnv¤§` Avãyj nvbœvb †Rvqvi`vi

wbe©vnx cwiPvjK

825
 e¨vsK mb`

GB g‡g© cÖZ¨qb Kiv hv‡”Q †h Rbve/Rbvev ------------------------------------------------

---------------
wcZv/¯^vgxt ------------------------------------------------------------------------------
---------------
gvZvt ------------------------------------------------------------- -------(e¨vs‡Ki bvg)--
------------Gi --------------------- kvLvq GKwU GKK/†h․_ wnmve cwiPvjbv Ki‡Qb hvi
wnmve bs--------------------|

¯^v¶i/
e¨vsK Kg©KZ©vi bvg I
c`we m¤^wjZ mxj‡gvni
Bank Certificate

This is to certify that Mr./Ms. -----------------------------------------------------

---------------
Father‟s/Husband‟s Name ---------------------------------------------------------
---------------Mother‟s Name -------------------------------------------------------
----------------------------- is maintaining an individual/joint account with ---
------------------------------- branch of ---------(Name of the Bank) ----------- bearing
account number ------------------------------.

Signature/
Seal with Name and
Designation of Bank official

826
No.SEC/SRMID/2005-02/1126/66 March 27, 2008

CIRCULAR

Subject: Transfer of IPO securities from closed BO accounts to new BO

accounts

The Commission receives requests from individual investors and issuers

on behalf of investors for approval to transfer of IPO securities from the
respective investors‟ closed BO accounts to new BO accounts. For this
purpose the investors/issuers are required to send applications to SEC
attaching the copies of old BO account set up reports and its closing
reports, new BO account set up reports, IPO securities allotment letters
and other relevant papers. The Commission examines the consistency of
information contained in the said documents in according approval to
transfer of securities.

Henceforth, until further order, the concerned issuers will examine the
aforesaid papers and after being satisfied the respective issuers will
approve transfer of IPO securities from closed BO accounts to new BO
accounts. In such cases no approval is required from SEC.

For Securities and Exchange Commission,

(Mohammad Abdul Hannan Zoarder)

Executive Director

827
GmBwm/GmAviGgAvBwW/2007-12/1172/213
Ryb 30, 2008Bs

†ewbwdwkqvwi Ibvm© (weI) GKvD›U msµvšÍ wb‡`©‡ki AvswkK cwieZ©b

¯§viK bs GmBwm/GmAviGgAvBwW/2007-12/1172/1532 ZvwiL 19 b‡f¤^i 2007 Ges

¯§viK bs GmBwm/GmAviGgAvBwW/2007-12/1172/50 ZvwiL 17 gvP© 2008

Dc‡iv³ ¯§vi‡Ki gva¨‡g RvixK…Z wm×všÍ ev¯Íevqb I mnR Ki‡Z wmwKDwiwUR I G·‡PÄ
Kwgkb weI GKvD›U wbqwgZ Ki‡Yi mgqmxgv 30 †m‡Þ¤^i 2008 Bs ZvwiL ch©šÍ ewa©Z
K‡i‡Q| GQvov wbqwgZ Ki‡Yi †¶‡Î wewb‡qvMKvixiv e¨vsK mb` wK¤^v B‡Zvg‡a¨ cÖewZ©Z
RvZxq cwiPq c‡Îi (National Identification Card) wbR ¯^v¶iK…Z Qvqvwjwc cÖ`vb
Ki‡Z cvi‡e| bZyb weI GKvD›U †Lvjvi †¶‡ÎI G wm×všÍ cÖ‡hvR¨ n‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g

†gvnv¤§` Avãyj nvbœvb †Rvqvi`vi

wbe©vnx cwiPvjK

828
No. SEC/CMRRCD/2002-90/34 Dated: July 29, 2008

DIRECTIVE

Whereas, the Securities and Exchange Commission (hereinafter referred to

as the Commission) is satisfied that in the interest of investors and
development of securities market the stock exchanges and their stock
brokers registered with the Commission (hereinafter referred to as the
stock broker) shall comply with certain requirements and obtain approval
of the Commission prior to opening branch offices of the stock brokers;

Now, therefore, in exercise of 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 Chittagong Stock Exchange Limited and their stock brokers to comply
with the following, namely:

1. Requirement for approval of opening branch office.- A stock

broker shall not open and operate a branch office without obtaining
approval from the Commission through the stock exchange
concerned:

Provided that branches of the stock brokers that are in operation

shall obtain the requisite approval of the Commission within four
months of issuance of this directive.

2. Eligibility for approval.-A stock broker intending to open a

branch office shall be eligible for approval for opening the same under
these directives if it fulfils or complies with the following
requirements, namely:-

829
 (a) Board of the stock broker has taken decision to open branch
office taking account of the priority fixed by its Exchange in
respect of the location of the branch office.

1
[(b) The stock broker will be allowed to open upto 3 (three)
branch offices to operate trading activities. For opening
each branch beyond the said 3(three) branch offices, Tk.50
lac as additional paid-up capital will be required:

Provided that net worth of the broker shall be fifty percent

of the paid up capital:
2
[Provided further that a stock broker may open a maximum
of 15 (fifteen) branch offices. Any office connected to the
main office through LAN facility within 1 (one) kilometer of
the broker‟s main office shall be deemed as extension of the
main office.]

(c) The stock broker shall have professional competence and

capacity to deliver service at the proposed branch office, and
for that it shall have at least two authorized representatives, a
compliance officer and a branch manager at each branch. If
more than two trading workstation (TWS) are maintained,
one additional authorized representative must be assigned for
each additional TWS.

(d) The stock broker shall install at least two trading work
station (TWS) in each branch.

1
Amendment vide Directive No. SEC/CMRRCD/208-187/128, dated May 27, 2009
2
Amendment vide Directive No. SEC/CMRRCD/208-187/188, dated October 20, 2009

830
 (e) The stock broker shall have adequate space for front office
and back office. If the space is not owned by the stock
broker, adequate arrangement is to be made by the broker for
hiring the space for a minimum period of two years.

(f) The stock broker shall have adequate logistic support, such as
telephone line, fax, E-mail, photocopier etc. so that functions
of the branch office could be carried out smoothly.
(g) The stock broker shall have to display a clear visible sign
board of the stock broker mentioning the name of the stock
broker company, registration number and name of the stock
exchange(s) at the front of its branch office.

(h) The stock broker shall have to display the copy of the
registration certificate of the stock broker along with the
approval of the Commission for opening the branch.

3. Approval for opening and operating a branch office.-

(1) A stock broker which is eligible for obtaining approval for opening
and operating the branch office may make an application to the
Commission through concerned stock exchange containing
following information, namely:-

(a) Name of the stock broker company;

(b) Addresses of the registered office and branch office(s), if
any;
(c) Address and telephone number of the proposed branch(es);
(d) Fax number and e-mail address of the proposed branch(es);
(e) Paid up capital;
(f) Net worth;

831
 (g) Name(s) of the authorized representatives, branch manager
and compliance officer.

(2) The applicant shall furnish the following documents along with the
said application, namely:-
(a) Copy of the resolution of the board of directors of the stock
broker company deciding to open the branch(es) duly
authenticated by its chief executive officer.
(b) Name, address and qualification of the authorized
representatives, branch manager and compliance officer
along with the copy of appointment letter duly attested by
the chief executive officer of the stock exchange.

(c) Agreement in case space and accommodation of the branch

office is hired or taken on let out basis.

(d) Evidence or proof of having connections of utilities, i.e.

demand note, receipts from the authority from which
connections were taken, etc.
(e) Certificate of the stock exchange to the effect that the
requisite logistics and staff resources and other prerequisites
of the stock broker exist at the proposed branch office or will
be made available prior to starting operation of the branch.

4. Operation of branch office etc.-

(1) The stock broker shall have required back office software to
handle its client service at branch office.

(2) No short-sale shall be done from branch office.

(3) No stock dealer shall execute trade from branch office.

832
 (4) Branch office shall remain open during trading hours so that
customers could interact with the branch staff.

(5) The stock broker shall make all payments through account
payee cheque.

(6) Stock broker shall maintain separate books and records of all
transactions at branch offices.

(7) Any change (address, authorized representative, compliance

officer, branch manager etc.) of the branch office must be
reported to the Exchange and the Commission three working
days prior to said change(s).

(8) Branch office can be closed after paying of all claims of the
investors, subject to at least three months‟ prior information to
the Commission, stock exchange and concerned customers of
the stock broker.

5. Supervision and reporting by stock exchanges.-

(1) Stock exchanges shall inspect on cause and on routine basis all
branch offices of the stock brokers at least in every three
months‟ and report to the Commission on regular basis.

(2) Stock exchange shall collect a report within first week of the
next month on its stock brokers‟ branch transactions and
activities and shall furnish a summary report thereon to the
Commission within seven days thereafter.

(3) Stock exchange shall collect half-yearly report of individual

stock broker highlighting the overall trading and asset liability
position within the last day of the next month after completion

833
 of the half-year ending on 30th June and 31st December each
year.

6. Cancellation etc. of approval.- The Commission may cancel or

withhold its approval accorded under these directive at any time if it
deems appropriate in the interest of the investors and capital market.
However, prior to canceling or withholding the approval, the stock
broker shall be provided an opportunity of being heard.

7. Waiver.- Notwithstanding anything contained hereinabove, the

Commission may accord waiver to any stock broker all or any of the
above requirements as the Commission may deem appropriate.

This directive shall have immediate effect.

By Order of the Securities and Exchange Commission

Faruq Ahmad Siddiqi

Chairman.

834
bs- GmBwm/GmAviGgAvBwW/2007-12/1172/22
16 A‡±vei 2008Bs

†ewbwdwkqvwi Ibvm© (weI) GKvD›U msµvšÍ wb‡`©‡ki AvswkK cwieZ©b

¯§viK bs GmBwm/GmAviGgAvBwW/2007-12/1172/1532 ZvwiLt 19 b‡f¤^i 2007,

GmBwm/GmAviGgAvBwW/2007-12/1172/50 ZvwiLt 17 gvP© 2008 Ges
GmBwm/GmAviGgAvBwW/2007-12/1172/213 ZvwiLt 30 Ryb 2008

Dc‡iv³ ¯§viKmg~‡ni gva¨‡g RvixK…Z ‡ewbwdwkqvwi Ibvm© (weI) GKvD›U wbqwgZKiY

m¤úwK©Z Kwgk‡bi wm×všÍ ev¯Íevq‡bi mgqmxgv 31 wW‡m¤^i 2008 Bs ZvwiL ch©šÍ ewa©Z
K‡i‡Q| wbqwgZKi‡Yi †¶‡Î wewb‡qvMKvixMY mswkó e¨vsK mb` wKsev RvZxq cwiPqcÎ
(National Identification Card) Gi wbR ¯^v¶iK…Z Qvqvwjwc cÖ`vb Ki‡Z cvi‡e|
bZzb weI GKvD›U †Lvjvi †¶‡ÎI G wm×všÍ cÖ‡hvR¨ n‡e|

DwjøwLZ mg‡qi g‡a¨ weI GKvD›U wbqwgZ Kivi Rb¨ wewb‡qvMKvixMY‡K DØy× Kivi j‡¶¨
wmwWweGj Ges ÷K G·‡PÄØq e¨vcK cÖPviYv Ki‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g

†gvnv¤§` Avãyj nvbœvb †Rvqvi`vi

wbe©vnx cwiPvjK

835
bs- GmBwm/‡bvwUwd‡Kkb/wbeÜb-2007/508
ZvwiLt 17 b‡f¤^i 2008Bs

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb wmwKDwiwUR IG·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI

g¨v‡bRvi) wewagvjv, 1996 Gi wewa 36 †gvZv‡eK Zdwm‡j DwjøwLZ gvwR©b FY cÖ`vb msµvšÍ
wb‡`©kbv bs 6(1) G cÖ`Ë ¶gZve‡j GZØviv gvwR©b FY Gi m‡e©v”P nvi 1t1.5 wba©viY Kwij
hvnvi wfwˇZ gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) Dnvi g‡°j Z_v MÖvnK‡K 18B b‡f¤^i
2008 Bs nB‡Z , cieZ©x© wb‡`©k bv †`Iqv ch©šÍ, weZiY‡hvM¨ gvwR©b FY cÖ`vb Kwi‡Z cvwi‡e|
D‡jøL¨ GZ`D‡Ï‡k¨ cÖ‡hvR¨ †cvU©‡dvwjI/wmwKDwiwUi evRvig~j¨ wba©vi‡Yi ‡¶‡Î wb‡`©kbv bs
7 AbymiY wbwðZ Kwi‡Z nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶

dviæK Avng` wmwÏKx

‡Pqvig¨vb

836
No.SEC/CMRRCD/2001-07/139 Dated: June 24, 2009

DIRECTIVE

In exercise of the power conferred by section 20A of the Securities and

Exchange Ordinance, 1969 (XVII of 1969) and in supersession of the
Commission‟s Directive No. SEC/CMRRCD/2001-07/96 dated December
01, 2008, the Securities and Exchange Commission hereby directs Dhaka
Stock Exchange Limited and Chittagong Stock Exchange Limited, which
shall have immediate effect,: -
1. To carry out transactions of physical shares in the spot market only
during one complete cycle immediate prior to the book-closure
date and also to keep transaction of such shares suspended on the
day immediate prior to the starting date of book-closure.
2. Not to apply circuit breaker for the securities concerned on the
trading day immediately following the record date in respect of
demat securities and on the starting date of book-closure in respect
of physical securities.
3. Instead of suspending trade of a listed security instantly upon
closure of operation of the listed company, the stock exchanges
shall regularly disseminate on the trading monitor to the effect that
if the situation of the company which failed to hold its Annual
General Meeting(s) and issue Annual Report(s), and
simultaneously the operation of the company remains closed
for more than six months, is not improved within the next six
months from the 1st date of such dissemination, the stock
exchanges shall de-list the security upon completion of the said six

837
 months of dissemination.

By order of the Securities and Exchange Commission

Mohammad Abdul Hannan Zoarder

Executive Director

N.B. This Directive has no effect. It has been superseded by the Directive
No. SEC/CMRRCD/ 2001-07/190 dated: October 20, 2009

838
No. SEC/CMRRCD/2001-16/164 September 06, 2009

DIRECTIVE

Whereas, the Securities and Exchange Commission is satisfied that in the

interest of the investors and the capital market, the Dhaka Stock Exchange
Ltd. should provide OTC facility to the issuers of the securities already
delisted by the said Exchange;

Now, therefore, the Securities and Exchange Commission hereby directs

the Dhaka Stock Exchange Ltd. under sub-rule (3) of rule 3 of the
Securities and Exchange Commission (Over-the-Counter) Rules, 2001 to
provide OTC facilities to the issuers of the securities already delisted by
the said Exchange, excluding those securities which have been delisted
upon application of the issuers concerned.
This directive shall have immediate effect.

By order of the Securities and Exchange Commission

Mohammad Abdul Hannan Zoarder

Executive Director

839
No. SEC/CMRRCD/2008/186/166 September 16, 2009

DIRECTIVE

Whereas, the twenty-seventh meeting of the SEC Consultative Committee

held on September 26, 2007, October 01, 2007 and November 05, 2007
recommended that the stock exchanges should have made the system for
Book Building ready for operation within three months from the date the
Commission approves the Rules;

Whereas, the Commission has issued Rules vide Notification No.

SEC/CMRRCD/2008-186/Admin/03-29 dated March 11, 2009, published
in the Bangladesh Gazette on March 19, 2009, containing the Book
Building Method for IPO pricing;

Whereas, the said Notification contains, among others, that the bidding
will be handled through a uniform and integrated automated system of the
stock exchanges, or any other organization as decided by the Commission,
especially developed for Book Building Method;

Whereas, the Commission through its letter No. SEC/CMRRCD/

2008/186/117 dated April 06, 2009 requested the stock exchanges to take
necessary measures to make the said system ready for operation within
June 30, 2009, but the stock exchanges have failed to make the system
ready for operation till date;

Whereas, the Commission has taken cognizance of the willingness of the

prospective issuer companies to avail the Book Building Method
introduced by the Commission in March 2009;

840
And whereas, the Commission is of the opinion that it is necessary in the
interest of investors and securities market, and for development of securities
market as well, to make the said system ready for operation without further
loss of time;

Now, therefore, 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
Limited and the Chittagong Stock Exchange Limited to make the above
said system ready for operation by November 30, 2009.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

841
bs- GmBwm/wmGgAviAviwmwW/2001-50/167 A‡±vei 01, 2009

Av‡`k

‡h‡nZz, wmwKDwiwUR I G·‡PÄ Kwgkb GB g‡g© mš‘ó nBqv‡Q †h, wmwKDwiwUR I G·‡PÄ
Kwgkb (gv‡P©›U e¨vsKvi I †cvU©dwjI g¨v‡bRvi) wewagvjv, 1996 Gi wewa 36 G DwjøwLZ
gv‡P©›U e¨vsKvi KZ©„K gvwR©b FY cÖ`v‡bi †¶‡Î, Rb¯^v‡_©, KwZcq welq wbqš¿Y Kiv cÖ‡qvRb;
AZGe, †m‡nZz Kwgkb, D³ wewagvjvi Zdwmj Gi Aaxb gvwR©b FY cÖ`vb msµvšÍ wb‡`©kbv
bs 14 ‡Z cÖ`Ë ¶gZve‡j gv‡P©›U e¨vsKvi‡`i cÖwZ GZØviv wb¤œiƒc Av‡`k cÖ`vb Kwij, h_vt-
1| ÷K G·‡P‡Ä bZzb ZvwjKvf~³ †Kvb wmwKDwiwU µ‡qi Rb¨ Dnv ZvwjKvf~w³i ci
cÖ_g †UªwWs w`em nB‡Z wÎkZg †UªwWs w`em ch©šÍ †Kvb gvwR©b FY cÖ`vb Kiv hvB‡e
bv;
2| ÷K G·‡P‡Ä ZvwjKvf~³ †Kvb wmwKDwiwUi K¨vUvMix‡Z cwieZ©‡bi †¶‡Î cwiewZ©Z
K¨vUvMix‡Z cÖ_g †UªwWs w`em nB‡Z wÎkZg †UªwWs w`em ch©šÍ D³ wmwKDwiwU µ‡qi
Rb¨ †Kvb gvwR©b FY cÖ`vb Kiv hvB‡e bv|

GB Av‡`k Awej‡¤^ Kvh©Ki nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g

‡gvt wRqvDj nK †Lv›`Kvi

‡Pqvig¨vb|

842
No.SEC/CMRRCD/2001-16/168 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.; -

1. To delist the securities of the issuer companies under Z-category

from the respective Exchange, trading of which is under
suspension or has been halted;
2. To provide facilities for transaction of the said securities on the
Over-the-Counter (OTC) under the Securities and Exchange
Commission (Over-the-Counter) Rules, 2001, subsequent to
delisting until further order.

This shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

843
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.

844
No. SEC/CMRRCD/2001-16/170 October 04, 2009

DIRECTIVE

Further to the Directive No. SEC/CMRRCD/2001-16/168 dated October

01, 2009, the Securities and Exchange Commission in exercise of the
power conferred by section 20A of the Securities and Exchange
Ordinance, 1969 (XVII of 1969), hereby directs the Dhaka Stock
Exchange Ltd. and the Chittagong Stock Exchange Ltd. to the effect that: -

Settlement of dematerialized securities transacted on Over-the-Counter

(OTC) under the Securities and Exchange Commission (Over-the-
Counter) Rules, 2001, shall be in accordance with the existing mechanism
and procedures followed by the exchanges for listed dematerialized
securities.

By order of the Securities and Exchange Commission

Mansur Alam
Chairman (In-charge).

845
bs- GmBwm/wmGgAviAviwmwW/2001-50/174 A‡±vei 05, 2009

Av‡`k

‡h‡nZz, wmwKDwiwUR I G·‡PÄ Kwgkb GB g‡g© mš‘ó nBqv‡Q †h, wmwKDwiwUR I G·‡PÄ
Kwgkb (gv‡P©›U e¨vsKvi I †cvU©dwjI g¨v‡bRvi) wewagvjv, 1996 Gi wewa 36 G DwjøwLZ
gv‡P©›U e¨vsKvi KZ©„K gvwR©b FY cÖ`v‡bi †¶‡Î, Rb¯^v‡_©, KwZcq AwaKZi welq wbqš¿Y Kiv
cÖ‡qvRb;

AZGe, †m‡nZz Kwgkb, D³ wewagvjvi Zdwmj Gi Aaxb gvwR©b FY cÖ`vb msµvšÍ wb‡`©kbv
bs 14 ‡Z cÖ`Ë ¶gZve‡j GZØviv wb¤œiƒc Av‡`k cÖ`vb Kwij, h_vt-

‡Kvb gv‡P©›U e¨vsKvi KZ©„K ÷K G·‡P‡Ä „Z‟ K¨vUvMixf~³ Bmy¨qvi †Kv¤úvwbmg~‡ni

wmwKDwiwUR Ges †hB mKj †Kv¤úvwb nvjbvMv` Avw_©K weeiYx `vwLj Kwi‡Z e¨_© nBqv‡Q I
†hB mKj †Kv¤úvwb wW‡m¤^i 31, 2009 Gi g‡a¨ †m›Uªvj wWcwRUwi wm‡÷g (CDS) G
†hvM`vb Kwi‡Z e¨_© nB‡e †mB mKj †Kv¤úvwbi wmwKDwiwUR µ‡qi Rb¨ ‡Kvb gvwR©b FY
cÖ`vb Kiv hvB‡e bv|

GB Av‡`k Awej‡¤^ Kvh©Ki nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g,

gbmyi Avjg
†Pqvig¨vb (fvicÖvß)|

846
No. SEC/CMRRCD/2001-43/189 October 20, 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; -

The stock exchanges shall not entertain the paper securities of the issuers,
as “marginable securities” under clause (d) of sub-rule (12) of rule 3 of the
Margin Rules, 1999.

This shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

847
No. SEC/CMRRCD/2001-07/190 October 20, 2009

DIRECTIVE

In exercise of the power conferred by section 20A of the Securities and

Exchange Ordinance, 1969 (XVII of 1969) and in supersession of the
Commission‟s Directive No. SEC/CMRRCD/2001-07/139 dated June 24,
2009, the Securities and Exchange Commission hereby directs the Dhaka
Stock Exchange Limited and the Chittagong Stock Exchange Limited,
which shall have immediate effect,: -

1. To carry out transactions of physical shares in the spot market only

during one complete cycle immediate prior to the book-closure
date and also to keep transactions of such shares suspended on the
day immediate prior to the starting date of book-closure.
2. Instead of suspending trade of a listed security instantly upon closure
of operation of the listed company, the stock exchanges shall
regularly disseminate on the trading monitor to the effect that if the
situation of the company which failed to hold its Annual General
Meeting(s) and issue Annual Report(s), and simultaneously the
operation of the company remains closed for more than six months, is
not improved within the next six months from the 1st date of such
dissemination, the stock exchanges shall de-list the security upon
completion of the said six months of dissemination.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

848
bs- GmBwm/wmGgAviAviwmwW/2001-43/192 A‡±vei 20, 2009

Av‡`k

‡h‡nZz, wmwKDwiwUR I G·‡PÄ Kwgkb GB g‡g© mš‘ó nBqv‡Q †h, wmwKDwiwUR I G·‡PÄ
Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 Gi wewa 36 G DwjøwLZ
gv‡P©›U e¨vsKvi KZ©„K gvwR©b FY cÖ`v‡bi †¶‡Î, Rb¯^v‡_©, KwZcq AwaKZi welq wbqš¿Y Kiv
cÖ‡qvRb;

AZGe, †m‡nZz Kwgkb, D³ wewagvjvi Zdwmj Gi Aaxb gvwR©b FY cÖ`vb msµvšÍ wb‡`©kbv bs
14 †Z cÖ`Ë ¶gZve‡j GZØviv wb¤œiƒc Av‡`k cÖ`vb Kwij, h_vt-

‡Kvb gv‡P©›U e¨vsKvi KZ©„K ÷K G·‡PÄ ZvwjKvf~³ Bmy¨qvimg~‡ni Kv¸‡R wmwKDwiwUR µ‡qi
Rb¨ †Kvb gvwR©b FY cÖ`vb Kiv hvB‡e bv|

GB Av‡`k Awej‡¤^ Kvh©Ki nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g

†gvt wRqvDj nK †Lv›`Kvi

‡Pqvig¨vb

849
No. SEC/CMRRCD/2001-43/205 October 26, 2009

DIRECTIVE

The Securities and Exchange Commission, in exercise of the power

conferred on it under section 20A of the Securities and Exchange
Ordinance, 1969 (Ordinance No. XVII of 1969), read with wb‡`©kbv bs-14 of
wewa 36 of wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi)
wewagvjv, 1996, hereby directs the merchant bankers, including the portfolio
managers, registered under the wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I
†cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 to immediately stop providing or
disbursing of any further margin loan or credit facilities to their clients
under the said wewagvjv, to purchase the securities of Aftab Automobiles
Limited until further order.

This shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Directive has no effect. It has been repealed by the Directive
No. SEC/CMRRCD/2001-43/208 dated: October 27, 2009

850
No.SEC/CMRRCD/2001-43/206 October 26, 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; -

The stock exchanges shall not entertain the securities of Aftab

Automobiles Limited as “marginable securities” under clause (d) of sub-
rule (12) of rule 3 of the Margin Rules, 1999 and the stock dealers/brokers
shall not provide loan facilities to their clients to purchase the securities of
this company until further order.

This shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Directive has no effect. It has been repealed by the Directive
No. SEC/CMRRCD/2001-43/207 dated: October 27, 2009

851
No. SEC/CMRRCD/2001-43/207
October 27, 2009

DIRECTIVE

The Securities and Exchange Commission issued Directive No.

SEC/CMRRCD/2001-43/206 dated October 26, 2009 to the stock
exchanges for not to entertain the securities of Aftab Automobiles Limited
as “marginable securities” and to the stock dealers/brokers for not to
provide loan facilities to their clients to purchase the securities of this
company. Now, in exercise of the power under section 20A of the
Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969),
the Commission hereby rescinds the said Directive.

This shall have immediate effect.

By order of the Securities and Exchange Commission

Muhammad Yasin Ali

Member

852
No. SEC/CMRRCD/2001-43/208
October 27, 2009

DIRECTIVE

The Securities and Exchange Commission issued Directive No.

SEC/CMRRCD/2001-43/205 dated October 26, 2009 to the merchant
bankers, including the portfolio managers for not to provide loan facilities
to their clients to purchase the securities of Aftab Automobiles Limited.
Now, in exercise of the power under section 20A of the Securities and
Exchange Ordinance, 1969 (Ordinance No. XVII of 1969), read with
wb‡`©kbv bs-14 of wewa 36 of the wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I
†cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996, the Commission hereby rescinds the said
Directive.

This shall have immediate effect.

By order of the Securities and Exchange Commission

Muhammad Yasin Ali

Member

853
bs-GmBwm/wmGgAviAviwmwW/2004-140/02
wW‡m¤^i 07, 2009

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wWcwRUwi AvBb, 1999 Gi aviv 14 Gi Dc-aviv (1) G

cÖ`Ë ¶gZve‡j GZØviv wb¤œiƒc Av‡`k cÖ`vb Kwij, h_vt-

‡m›Uªvj wWcwRUwi evsjv‡`k wjwg‡UW (wmwWweGj), wWcwRUwi AskMÖnYKvix (wWwc)MY‡K GB

g‡g© wb‡`©kbv cÖ`vb Kwi‡e †h, wWwcMY Zvnv‡`i evrmwiK wd cwÄKv ermi (Rvbyqvwi-wW‡m¤^i)
Gi cwie‡Z© Avw_©K ermi (RyjvB-Ryb) Gi wfwˇZ cwi‡kva Kwi‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g

†gvnv¤§` Avãyj nvbœvb †Rvqvi`vi

wbe©vnx cwiPvjK

854
SEC/CMRRCD/2009-193/11 January 31, 2010

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;-

Both the stock exchanges shall develop uniform software for their
members incorporating all necessary information, including information
on financial adjustment (i.e. netting), to cater the regular requirements of
the Commission and the stock exchanges, or on demand.

The software should be in operation on or before 30th April 2010.

Both the stock exchanges shall be submitting the requisite information on

financial adjustment (i.e. netting) and loan amount provided by the
members of the stock exchanges to the Commission on monthly basis
within 7th day in the following month in round figure, with percentage,
until 30th April 2010.

In the relevant information report on financial adjustment (i.e. netting), the

term “Fund in Transit” shall be used in place of the term “Immatured
Fund”.

By Order of the Securities and Exchange Commission

(Mrs. Ruksana Chowdhury)

Executive Director

855
No. SEC/CMRRCD/2001-43/12 February 01, 2010

DIRECTIVE
Whereas, the Securities and Exchange Commission, in the interest of
investors and capital markets, considers it to be appropriate that the credit
facilities extended by the members of stock exchanges under the Margin
Rules, 1999 should be rationalized;

Now, therefore, the Commission in exercise of its power conferred by

section 20A of the Securities and Exchange Ordinance, 1969 (XVII of
1969), hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong
Stock Exchange Ltd. and their members to the effect that, the members of
the stock exchanges shall not extend credit facilities to their approved
clients beyond 1.5 times of the client‟s margin/client‟s deposit (i.e. credit
facilities shall be on 1:1.5 basis) under the Margin Rules, 1999.

This shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

856
No. SEC/CMRRCD/2001-43/13 February 01, 2010

DIRECTIVE

The Securities and Exchange Commission, in exercise of the power

conferred on it under section 20A of the Securities and Exchange
Ordinance, 1969 (Ordinance No. XVII of 1969), read with wb‡`©kbv bs-14 of
wewa-36 of wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi)
wewagvjv, 1996, hereby directs the merchant bankers, including the
portfolio managers, registered under the wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U
e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996, to immediately stop providing
or disbursing of any further margin loan or credit facilities to their
clients to purchase the equity securities with price-earning ratio of above
50 (fifty) until further order.

This Directive shall repeal the Directive No SEC/CMRRCD/2001-43/04

dated December 09, 2009.

This shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Directive has no effect. It has been superseded by the Directive
No. SEC/CMRRCD/2001-43/43 dated: June 15, 2010.

857
No. SEC/CMRRCD/2001-43/14 February 01, 2010

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;-

The stock exchanges shall not entertain the equity securities with price-
earning ratio of above 50 (fifty) as “marginable securities” under clause
(d) of sub-rule (12) of rule 3 of the Margin Rules, 1999 and the stock
brokers shall not provide loan facilities to their client to purchase the said
securities until further order.

This Directive shall repeal the Directive No SEC/CMRRCD/2001-43/03

dated December 09, 2009

This shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Directive has no effect. It has been superseded by the Directive
No. SEC/CMRRCD/2001-43/42 dated: June 15, 2010.

858
No. SEC/CMRRCD/2001-43/15 February 03, 2010

DIRECTIVE

Whereas, the Securities and Exchange Commission, in the interest of

investors and capital market, considers it to be appropriate that the
proportion of credit facilities extended by the members of stock exchanges
under the Margin Rules, 1999 should be refixed;
Now, therefore, the Commission in exercise of its power conferred by
section 20A of the Securities and Exchange Ordinance,1969 (XVII of
1969), hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong
Stock Exchange Ltd .and their members to the effect that, the members of
the stock exchanges shall not extend credit facilities to their approved
clients beyond 1 (One) time of client‟s margin/ client‟s deposit (i.e credit
facilities shall be on 1:1 basis) under the Margin Rules, 1999.

This shall have effect from 7th February, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

859
bs GmBwm/wmGgAviAviwm/2001-43/16 ZvwiLt 3 †deªæqvix 2010Bs

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I

†cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 Gi wewa 36 †gvZv‡eK Zdwm‡j DwjøwLZ gvwR©b FY
cÖ`vb msµvšÍ wb‡`©kbv bs 6 (1) G cª`Ë ¶gZve‡j GZØviv gvwR©b FY Gi m‡e©v”P nvi 1 t 1
(GK AbycvZ GK) c~b: wba©vib Kwij hvnvi wfwˇZ gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi)
Dnvi g‡°j Z_v MÖvnK‡K 7B †deªæqvix 2010 Bs nB‡Z, cieZx© wb‡`©k bv †`Iqv ch©šÍ,
weZiY‡hvM¨ gvwR©b FY cÖ`vb Kwi‡Z cvwi‡e| D‡jøL¨, GZ`D‡Ï‡k¨ cÖ‡hvR¨
†cvU©‡dvwjI/wmwKDwiwUi evRvig~j¨ wba©vi‡bi †¶‡Î wb‡`©kbv bs 7 Abymib wbwðZ Kwi‡Z
nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶

†gvt wRqvDj nK †Lv›`Kvi

†Pqvig¨vb|

860
No. SEC/CMRRCD/2001-43/17 Dated: February 08, 2010

DIRECTIVE
Whereas, the Securities and Exchange Commission, in the interest of
capital market and the investors, deems it appropriate that the Dhaka Stock
Exchange Ltd. and the Chittagong Stock Exchange Ltd. should
discontinue, until further order, the financial adjustment facilities (i.e.
netting facilities) provided by the stock-brokers/dealers vis-a-vis the stock
exchanges in respect of certain listed security;

Now, therefore, the Securities and Exchange Commission, in exercise of

power conferred on it under section 20A of the Securities and Exchange
Ordinance, 1969 (XVII of 1969), hereby directs the Dhaka Stock
Exchange Ltd. and the Chittagong Stock Exchange Ltd to discontinue,
until further order, the financial adjustment facilities (i.e. netting facilities)
provided by the stock brokers to their customers vis-a-vis by the stock
exchanges to their stock brokers and stock dealers in respect of trading in
share of Grameenphone Ltd. This means no person shall be allowed to buy
share of Grameenphone Ltd. against value of sale of other securities (i.e.
by using Fund in Transit) within the existing settlement and clearance
period.

This Directive shall become effective from the trading day of 10th
February 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B This Directive has no effect. It has been repealed by the Directive
No.SEC/CMRRCD/2009-193/87 dated: January 09, 2011.

861
No. SEC/CMRRCD/2009-193/21 Dated: February 14, 2010
DIRECTIVE
Whereas, the Securities and Exchange Commission is satisfied and deems
it fit that in the interest of investors, securities market and for sustained
development of securities and capital markets of Bangladesh, certain
matters relating to the election in the board of directors of the stock
exchanges should be regulated;
Now, therefore, the Securities and Exchange Commission, in exercise of
power conferred on it by section 20A of the Securities and Exchange
Ordinance, 1969 (XVII of 1969), hereby directs the Dhaka Stock
Exchange Ltd. and the Chittagong Stock Exchange Ltd. to ensure the
following with regard to election of directors of the respective Board of
Directors of the said stock exchanges, namely;-

The member intending to contest in the election of directors must obtain

clearance / no-objection in writing from the Securities and Exchange
Commission before filing nomination. For the purpose, the intending
member will have to submit a Letter of Intent (LOI) to the Commission
through the relevant stock exchange before 5 (five) working days of the
date scheduled for filing nomination.

This will have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Directive has no effect. It has been repealed by the Directive
No. SEC/CMRRCD/2009-193/146 Dated: July 21, 2013.

862
No. SEC/CMRRCD/2009-193/22 Dated: February 18, 2010

DIRECTIVE
Whereas, the Securities and Exchange Commission, in the context of the
prevailing situation in the capital market of Bangladesh, considers it to be
appropriate that trading in certain listed securities should now be regulated
in the interest of the security investors and the securities and capital
markets;

Now, therefore, the Securities and Exchange Commission, in exercise of

power conferred in it under section 20A of the Securities and Exchange
Ordinance, 1969 (XVII of 1969), hereby directs the Dhaka Stock
Exchange Ltd. and the Chittagong Stock Exchange Ltd. to place the shares
of Grameenphone Ltd. and Marico Bangladesh Ltd. under Spot Market for
trading, with relevant settlement and clearance regulations applicable for
the trades in the Spot Market.

This Directive shall be effective from the trading day of 22nd February
2010, and will continue until further Directive.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Directive has no effect. It has been repealed by the Directive
No. SEC/CMRRCD/2009-193/78 Dated: December 19, 2010.

863
bs-GmBwm/wmGgAviAviwmwW/2010-201/23 gvP© 01, 2010

weÁwß

welqt ZvwjKvf~³ †Kv¤úvwbmg~‡ni †kqv‡ii AwfwnZ g~j¨ I gv‡K©U jU cwieZ©b cÖm‡½|

cyuwRevRvi‡K AwaKZi ¯^”Q, `¶ I MwZkxj Kivi j‡¶¨ MZ 05 b‡f¤^i 2009 Bs Zvwi‡L A_©
gš¿Yvj‡q gvbbxq A_© gš¿x g‡nv`‡qi mfvcwZ‡Z¡ AbywôZ mfvq, Ab¨v‡b¨i g‡a¨, ZvwjKvf~³
†Kv¤úvwbmg~‡ni †kqv‡ii AwfwnZ g~j¨ I gv‡K©U j‡Ui cÖ¯ÍvweZ cwieZ©‡bi wel‡q wb‡¤œv³
wm×všÍ M„nxZ nqt

 Òfwel¨‡Z me †Kv¤úvwbi †kqv‡ii Rb¨ b~¨bZg AwfwnZ g~j¨ cÖwgZKib (Standarize)

Ki‡Z n‡e| †h‡nZz †ekxifvM †Kv¤úvwbi †kqvi g~j¨ GKkZ UvKv †m‡nZz fwel¨Z
†kqv‡ii AwfwnZ g~j¨ GKkZ UvKv wba©viY Kiv †kªqZi n‡e| Z‡e we`¨gvb
†Kv¤úvwbmg~‡ni †kqv‡ii AwfwnZ g~j¨ AcwiewZ©Z _vK‡e|
 fwel¨‡Z me †Kv¤úvwbi †kqv‡ii GKK jU msL¨v GKB nIqv evÂYxq|Ó

DwjøwLZ wm×všÍ ev¯Íevq‡bi wbwgË mKj ZvwjKvf~³ ‡Kv¤úvwb‡K Zv‡`i GZ`msµvšÍ we`¨gvb
Ae¯’v cwieZ©‡bi e¨vcv‡i, A_©vr †kqv‡ii we`¨gvb AwfwnZ g~j¨ cwieZ©‡bi Rb¨, †Kvb
c`‡¶c †bqv †_‡K weiZ _vKvi Rb¨ civgk© cÖ`vb Kiv nÕj|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶,

iæKmvbv †P․ayix
wbe©vnx cwiPvjK

864
bs-GmBwm/wmGgAviAviwmwW/2009-193/24 gvP© 04, 2010

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wWcwRUwi AvBb, 1999 Gi aviv 14 Gi Dc-aviv (1) G

cÖ`Ë ¶gZve‡j GZØviv wb¤œiƒc Av‡`k cÖ`vb Kwij, h_vt-

1 Rvbyqvix 2009 Bs Ges Zvi cieZ©x‡Z †Lvjv weI (beneficial owner) GKvD‡›Ui
e¨vcv‡iI 1 Rvbyqvix 2009 Bs Gi c~‡e© †Lvjv GKvD‡›Ui g‡ZvB 6 (Qq) gv‡mi Rb¨ (A_v©r,
Rvbyqvix-Ryb 2010 Bs) UvKv 150.00(GKkZ cÂvk UvKv) nv‡i ‡m›Uªvj wWcwRUwi evsjv‡`k
wjwg‡UW weI GKvD›U‡nvìviM‡Yi wbKU nB‡Z i¶bv‡e¶b wd (maintenance fee) Av`vq
Kwi‡e|

‡m›Uªvj wWcwRUwi evsjv‡`k wjwg‡UW D³ wd Av`vqc~e©K wmwKDwiwUR I G·‡PÄ Kwgkb Gi G

msµvšÍ cÖvc¨ wd, Av`v‡qi 1 (GK) gv‡mi g‡a¨, Kwgk‡b Rgv Kwi‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g,

iæKmvbv †P․a~yix
wbev©nx cwiPvjK

865
No. SEC/CMRRCD/2009-193/25 March 07, 2010
DIRECTIVE

In reference to the Commission‟s Directive No. SEC/CMRRCD/2001-

43/05 dated December 17, 2009, the Securities and Exchange Commission
hereby further directs the stock brokers of Dhaka Stock Exchange Limited
and Chittagong Stock Exchange Limited under section 20A of the
Securities and Exchange Ordinance, 1969 (XVII of 1969) that the limit of
7.5% that was fixed earlier shall now be read as 15% (fifteen percent).

This shall be effective from 8th March, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Directive has no effect. It has been repealed by the Directive
No. SEC/CMRRCD/2009-193/82 dated December 29, 2010

866
No. SEC/CMRRCD/2009-193/26 March 07, 2010

DIRECTIVE

In reference to the Commission‟s Directive No. SEC/CMRRCD/2001-

43/06 dated December 17, 2009, the Securities and Exchange Commission
hereby further directs the merchant bankers, including the portfolio
managers, registered under the wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I
†cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996, under section 20A of the Securities and
Exchange Ordinance, 1969 (XVII of 1969), read with wb‡`©kbv bs-14 of wewa
36 of wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv,
1996, that the limit of 7.5% that was fixed earlier shall now be read as
15% (fifteen percent).

This shall be effective from 8th March, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Directive has no effect. It has been repealed by the Directive
No.SEC/CMRRCD/2009-193/83 dated December 29, 2010

867
No. SEC/CMRRCD/2009-193/28 March 15, 2010
DIRECTIVE
Whereas, the Securities and Exchange Commission, in the interest of
investors and capital market, deems it appropriate to incorporate certain
further provision in the listing Regulations of the Chittagong Stock
Exchange Ltd. in respect of the notice period of the board declaration of
the listed issuer companies;
Now, therefore, the Commission in exercise of its power conferred by
section 34(4) of the Securities and Exchange Ordinance, 1969 (XVII of
1969), hereby directs the Chittagong Stock Exchange Ltd to amend the
regulation 36(A)(4) of the Listing Regulations of the Chittagong Stock
Exchange Ltd., namely;-
In regulation 36(A)(4);-
1. The words `book closing date‟ and `book closure date‟ shall be
replaced by the words, “book-closure date” and “record date”
respectively.
2. In between the first and second proviso, a new proviso shall be
inserted as follows:
“Provided further that the required notice period (prior to the date of
commencement of book-closure period in case of physical securities
and record date in case of demated securities) shall be 7 (seven)
market days, instead of 14 (fourteen) market days, for securities other
than z category securities (i.e., for A, B, G and N category). As regards
Z category securities the existing notice period of 14(fourteen) market
days shall continue.”
This shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.
868
No. SEC/CMRRCD/2001-43/29 Dated: March 15, 2010

DIRECTIVE

Whereas, the Securities and Exchange Commission, in the interest of

investors and capital market, considers it to be appropriate that the
proportion of credit facilities extended by the members of stock exchanges
under the Margin Rules, 1999 should be refixed;

Now, therefore, the Commission in exercise of its power conferred by

section 20A of the Securities and Exchange Ordinance, 1969 (XVII of
1969), hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong
Stock Exchange Ltd. and their members to the effect that, the members of
the stock exchanges shall not extend credit facilities to their approved
clients beyond 1.5 (one point five) times of client‟s margin/ client‟s
deposit (i.e credit facilities shall be on 1:1.5 basis) under the Margin
Rules, 1999.

This shall have effect from March 18, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Directive has no effect. It has been superseded by the Directive
No. SEC/CMRRCD/2001-43/47, dated: July 08, 2010.

869
bs-GmBwm/wmGgAviAviwm/2001-43/30 ZvwiLt gvP© 15, 2010Bs
Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I

†cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 Gi wewa 36 †gvZv‡eK Zdwm‡j DwjøwLZ gvwR©b FY
cÖ`vb msµvšÍ wb‡`©kbv bs 6 (1) G cª`Ë ¶gZve‡j GZØviv gvwR©b FY Gi m‡e©v”P nvi 1 t
1.5 (GK AbycvZ GK `kwgK cuvP) c~bt wba©vib Kwij hvnvi wfwˇZ gv‡P©›U e¨vsKvi
(†cvU©‡dvwjI g¨v‡bRvi) Dnvi g‡°j Z_v MÖvnK‡K gvP© 18, 2010Bs nB‡Z, cieZx© wb‡`©k bv
†`Iqv ch©šÍ, weZiY‡hvM¨ gvwR©b FY cÖ`vb Kwi‡Z cvwi‡e| D‡jøL¨, GZ`D‡Ï‡k¨ cÖ‡hvR¨
†cvU©‡dvwjI/wmwKDwiwUi evRvig~j¨ wba©vi‡bi †¶‡Î wb‡`©kbv bs 7 Abymib wbwðZ Kwi‡Z
nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶

†gvt wRqvDj nK †Lv›`Kvi

†Pqvig¨vb|

we.`ª. Av‡`k bs GmBwm/wmGgAviAviwm/2001-43/48 ZvwiL: RyjvB 08, 2010Bs Gi Øviv

cÖwZ¯’vwcZ Kiv nBqv‡Q|

870
No. SEC/CMRRCD/2006-161/34 April 11, 2010

DIRECTIVE

Whereas, the Securities and Exchange Commission, in the interest of

investors and capital market, deems it appropriate to incorporate further
provision in the listing Regulations of the Chittagong Stock Exchange
Limited in respect of submission a certificate of membership of
Bangladesh Association of Publicly Listed Companies (BAPLC) to the
Exchange by the Listed Companies;

Now, therefore, the Commission in exercise of power conferred by sub-

section (4) of section 34 of the Securities and Exchange Ordinance, 1969
(XVII of 1969), the Securities and Exchange Commission hereby directs
the Chittagong Stock Exchange Limited to insert a sub-regulation (3) after
sub-regulation (2) in the regulation 20 of the Listing Regulagions of the
Chittagong Stock Exchange Limited in the following manner, namely;-

“(3) All listed companies are required to submit to the Exchange a

certificate of membership of Bangladesh Association of Publicly
Listed Companies (BAPLC), which has been made compulsory by the
Ministry of Commerce as per Office Order No. MC/OBA-6/A-
2/99/216 dated August 15, 2005 and published in the Bangladesh
Gazette dated August 18, 2005. A renewed certificate shall be
submitted to the Exchange every year along with the Annual Report.”.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

871
bs-GmBwm/wmGgAviAviwmwW/2010-201/37
ZvwiLt ‡g 10, 2010 Bs
cÖÁvcb

welqt ZvwjKvfy³ †Kv¤úvwbmg~‡ni †kqv‡ii AwfwnZ g~j¨ I gv‡K©U jU cwieZ©b

cÖm‡½|

Dchy©³ wel‡q RvwiK…Z Kwgk‡bi weÁwß bs-GmBwm/wmGgAviAviwmwW/2010-201/23,

ZvwiL gvP© 01, 2010Bs ms‡kvab c~e©K GZØviv Rvbv‡bv hv‡”Q †h, ÷K G·‡P‡Ä
ZvwjKvfy³ †Kv¤úvwbmg~‡ni †kqv‡ii AwfwnZ g~j¨ 10/- (`k) UvKvq cwieZ©‡bi †¶‡Î †h
mKj B”QzK †Kv¤úvwb cÖ‡qvRbxq mKj AvbyôvwbKZv m¤úbœ Ki‡Z cvi‡e Zv‡`i †kqv‡ii
AwfwnZ g~j¨ cybt wbav©i‡Yi wbwgË miKvi m`q m¤§wZ Ávcb K‡i‡Qb|

AZGe, miKv‡ii D³ wm×v‡¯Íi ‡cÖw¶‡Z B”QzK ZvwjKvfy³ †Kv¤úvwbmg~n G e¨cv‡i

cÖ‡qvRbxq mKj AvbyôvwbKZv m¤úbœ c~e©K Kwgk‡b Av‡e`b Ki‡j Kwgkb Zv‡`i Av‡e`b
we‡ePbvi wbwgË h_vh_ e¨e¯’v MÖnb Ki‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶,

(wicb Kzgvi †`ebv_)

cwiPvjK (wmGgAviAviwm)

872
No. SEC/CMRRCD/2009-193/39 May 31, 2010

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; -

The paper securities under “B” category shall not be traded in the stock
exchanges from July 01, 2010 and these securities should be transferred to
“Z” category on the same day. No paper security shall be traded in the
stock exchanges from October 01, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Directive has no effect. It has been replaced by the Directive
No. SEC/CMRRCD/2009-193/40 dated: June 01, 2010.

873
No. SEC/CMRRCD/2009-193/40 June 01, 2010

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; -

Effective from July 01, 2010, the paper securities under “B” category shall
be transferred to “Z” category. No paper security shall be transacted in the
stock exchanges from October 01, 2010.

This Directive shall replace the previous Directive No.

SEC/CMRRCD/2009-193/39 dated May 31, 2010 on the same matter.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

874
bs- GmBwm/wmGgAviAviwmwW/wgm&/230/2004/41 Ryb 07, 2010

wb‡`©k

wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996

‡gvZv‡eK wba©vwiZ Kvh©µg cwiPvjbvi Rb¨ gv‡P©›U e¨vsKvi‡`i‡K wmwKDwiwUR I G·‡PÄ
Kwgkb cÖ‡qvRbxq wbeÜb mb` cÖ`vb Kwiqv‡Q| D³ Kvh©µ‡gi g‡a¨ ÷K †eªvKv‡iR Kvh©µg
cwiPvjbvi Rb¨ Z_v D³ Lv‡Z g‡°‡ji wbKU nB‡Z wb‡R‡`i Rb¨ †eªvKv‡iR Kwgkb ev †Kvb
cÖKv†i †eªvKv‡iR eve` †Kvb A_© Av`v‡qi GLwZqvi gv‡P©›U e¨vsKvi‡`i bvB| wKš‘ wewfbœ mg‡q
gv‡P©›U e¨vsKvi KZ©„K `vwLjK…Z Z_¨ DcvË nB‡Z Kwgkb D‡Ø‡Mi mv‡_ j¶¨ Kwiqv‡Q †h, ÷K
G·‡P‡Ä g‡°j‡`i Rb¨ †kqvi µq-weµ†qi wbwgË wb‡qvwRZ mb`cÖvß ÷K †eªvKvi‡`i wbKU
cÖ‡`q †eªvKv‡iR Kwgk‡bi GKwU Ask A‣bwZK I wewa ewnf~©Zfv‡e gv‡P©›U e¨vsKviiv
Askx`vwi‡Z¡i wfwˇZ (By sharing) wb‡R‡`i Rb¨ Av`vq K†i, hvnv D³ wewagvjvi wewa
29(3) I 35(2) Gi cwicwš’| A_©vr, gv‡P©›U e¨vsKviiv †eªvKvi‡`i wbKU cÖ‡`q cÖK…Z A‡_©i
cwigv‡Yi PvB‡Z †ekx A_© GB Lv‡Z g‡°j‡`i wbKU nB‡Z ‡h †Kvbfv‡e Av`vqc~e©K wbR Avq
wnmv‡e msiÿb Kwi‡Z cv‡i bv|

cyuwRevRvi Ges wewb‡qvMKvix‡`i mvwe©K ¯^v‡_© cyuwRevRv‡ii wewfbœ bxwZgvjv I wewa weavb
h_vh_fv‡e cwicvj‡bi Rb¨ mswkøó mKj‡K GZØviv wb‡`©k cÖ`vb Kiv hvB‡Z‡Q|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g,

iæKmvbv †P․ayix
wbev©nx cwiPvjK

875
No. SEC/CMRRCD/2001-43/42 June 15, 2010

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; -

The stock exchanges shall not entertain the equity securities with price-
earning ratio of above 40 (forty) as “marginable securities” under clause
(d) of sub-rule (12) of rule 3 of the Margin Rules, 1999 and the stock
brokers shall not provide loan facilities to their clients to purchase the said
securities until further order.

This Directive shall supersede the previous Directive No.

SEC/CMRRCD/2001-43/14 dated February 01, 2010.

This shall have effect from June 20, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

876
No. SEC/CMRRCD/2001-43/43 June 15, 2010

DIRECTIVE

The Securities and Exchange Commission, in exercise of the power

conferred on it under section 20A of the Securities and Exchange
Ordinance, 1969 (Ordinance No. XVII of 1969), read with wb‡`©kbv bs-14 of
wewa 36 of wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi)
wewagvjv, 1996, hereby directs the merchant bankers, including the portfolio
managers, registered under the wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I
†cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 not to provide or disburse any further
margin loan or credit facilities to their clients to purchase the equity
securities with price-earning ratio of above 40 (forty) until further order.

This Directive shall supersede the previous Directive No.

SEC/CMRRCD/2001-43/13 dated February 01, 2010.

This shall have effect from June 20, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

877
No. SEC/CMRRCD/2001-43/47 July 08, 2010

DIRECTIVE

Whereas, the Securities and Exchange Commission, in the interest of

investors and capital market, considers it to be appropriate that the
proportion of credit facilities extended by the members of stock exchanges
under the Margin Rules, 1999 should be re-fixed;

Now, therefore, the Commission, in exercise of its power conferred by

section 20A of the Securities and Exchange Ordinance, 1969 (XVII of
1969), hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong
Stock Exchange Ltd. and their members to the effect that, the members of
the stock exchanges shall not extend credit facilities to their approved
clients beyond 1(one) time of clients‟ margin/clients‟ deposit (i.e. credit
facilities shall be on 1:1 basis) under the Margin Rules, 1999.

This shall have effect from July 11, 2010.

This Directive shall supersede the previous Directive No.

SEC/CMRRCD/2001-43/29 dated March 15, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Directive has no effect. It has been superseded by the Directive
No. SEC/CMRRCD/2001-43/68 dated: November 21, 2011.

878
bs GmBwm/wmGgAviAviwm/2001-43/48 RyjvB 08, 2010Bs
Av‡`k
wmwKDwiwUR I G·‡PÄ Kwgkb, wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I
†cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 Gi wewa 36 †gvZv‡eK Zdwm‡j DwjøwLZ gvwR©b FY
cÖ`vb msµvšÍ wb‡`©kbv bs 6 (1) G cª`Ë ¶gZve‡j GZØviv gvwR©b FY Gi m‡e©v”P nvi 1 t 1
(GK AbycvZ GK) c~b: wba©vib Kwij hvnvi wfwˇZ gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi)
Dnvi g‡°j Z_v MÖvnK‡K RyjvB 11, 2010Bs nB‡Z, cieZx© wb‡`©k bv †`Iqv ch©šÍ,
weZiY‡hvM¨ gvwR©b FY cÖ`vb Kwi‡Z cvwi‡e| D‡jøL¨, GZ`D‡Ï‡k¨ cÖ‡hvR¨
†cvU©‡dvwjI/wmwKDwiwUi evRvig~j¨ wba©vi‡bi †¶‡Î wb‡`©kbv bs 7 Abymib wbwðZ Kwi‡Z
nB‡e|

GZ`msµvšÍ c~‡e© RvwiK…Z Av‡`k bs GmBwm/wmGgAviAviwm/2001-43/30 ZvwiL gvP© 15,

2010Bs GZØviv cÖwZ¯’vwcZ ewjqv Mb¨ nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶

†gvt wRqvDj nK †Lv›`Kvi

†Pqvig¨vb|

we.`ª. GB Av‡`kwUi Kvh©KvwiZv bvB| Bnv Av‡`k bs GmBwm/wmGgAviAviwm/2001-43/69

ZvwiL: b‡f¤^i 21, 2010Bs Gi Øviv evwZj Kiv nBqv‡Q|

879
No. SEC/CMRRCD/2001-43/51 July 22, 2010
DIRECTIVE
Whereas, the Securities and Exchange Commission, in the interest of
investors and capital market, considers it to be appropriate that the amount
of credit facilities extended by the members of the stock exchanges under
the Margin Rules, 1999 to the individual clients should also be fixed;
Now, therefore, the Commission, in exercise of its power conferred by
section 20A of the Securities and Exchange Ordinance, 1969 (XVII of
1969), hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong
Stock Exchange Ltd. and their members to the effect that the members of
the stock exchanges;-
1
[ 1. shall not provide credit facilities exceeding Tk. 5 (five) crore to each
of their approved individual clients or their spouse or any of their
dependent persons in single or joint name thereof collectively under
the Margin Rules, 1999; and]
2. shall not provide credit facilities to their directors or their spouse or
any of their dependent persons or stock-dealer concerned.
The stock brokers who have provided credit facilities exceeding the
aforesaid limit in favor of the persons mentioned in serial No. 1 or
provided credit facilities to the persons mentioned in serial No. 2 shall be
adjusted by August 31, 2010, latest, to implement this directive.

This directive shall have effect from July 25, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

1
Serial No. 1 has been repealed by the Directive No. SEC/CMRRCD/ 2009-193/88
dated: January 09, 2011

880
bs- GmBwm/wmGgAviAviwm/2001-43/52 RyjvB 22, 2010Bs

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I

†cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 Gi wewa 36 †gvZv‡eK Zdwm‡j DwjøwLZ gvwR©b FY
cÖ`vb msµvšÍ wb‡`©kbv bs 6(1) G cª`Ë ¶gZve‡j GZØviv gv‡P©›U e¨vsKvi (†cvU©‡dvwjI
g¨v‡bRvi) KZ…©K Dnvi e¨w³ †kÖbxi g‡°j‡`i‡K weZiY‡hvM¨ gvwR©b F‡Yi wb‡gœv³ mxgv wba©viY
Kwij, h_v;-

1
[1| †Kvb e¨w³ ev Zvnvi ¯^vgx/¯¿x ev Zvnv‡`i Dci wbf©ikxj e¨vw³‡K GKK ev †h․_bv‡g
mw¤§wjZfv‡e m‡e©v”P 10 (`k) ‡KvwU UvKv ch©šÍ gvwR©b FY cÖ`vb Kiv hvB‡e|]

2| †Kvb gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) Dnvi †Kvb cwiPvjK ev Zvnvi ¯^vgx/¯¿x ev
Zvnv‡`i Dci wbf©ikxj ‡Kvb e¨vw³‡K gvwR©b FY cÖ`vb Kwi‡Z cvwi‡e bv|

Z‡e, eZ©gv‡b †h mKj gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) µwgK bs-1 G DwjøwLZ
MÖvnK‡`i†K Dchy©³ mxgvi AwaK FY cÖ`vb Kwiqv‡Q wKsev µwgK bs-2 G DwjøwLZ e¨w³‡`i†K
FY cÖ`vb Kwiqv‡Q Zvnviv D³ FY AvMvgx AvM÷ 31, 2010Bs Zvwi‡Li g‡a¨ mgš^q c~e©K
AÎ Av‡`k ev¯Íevqb Kwi‡e|

GB Av‡`k RyjvB 25, 2010Bs ZvwiL nB‡Z Kvh©Ki nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶

†gvt wRqvDj nK †Lv›`Kvi

†Pqvig¨vb|

1
Av‡`k bs GmBwm/wmGgAviAviwm/2009-193/89 ZvwiL: Rvbyqvwi 09, 2011 Gi Øviv µwgK bs-1 evwZj Kiv
nBqv‡Q|

881
No. SEC/CMRRCD/2001-43/53 July 25, 2010

DIRECTIVE

Further to the Securities and Exchange Commission‟s directive No.

SEC/CMRRCD/2001-43/51 dated July 25, 2010, the Commission hereby
directs under section 20A of the Securities and Exchange Ordinance, 1969
(XVII of 1969) that the maximum credit facilities that may be provided by
the stock brokers to each of their approved individual clients or their
spouse or any of their dependent persons in single or joint name thereof
collectively under the Margin Rules, 1999 shall be Tk. 10 (ten) crore, in
place of Tk. 5 (five) crore.

The stock brokers who have provided credit facilities exceeding Tk. 10
(ten) crore in favor of the above persons or provided credit facilities to
their directors or their spouse or any of their dependent persons or stock-
dealer concerned shall be gradually adjusted by September 30, 2010,
latest.

This directive shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Directive has no effect. It has been repealed by the Directive
No. SEC/CMRRCD/2009-193/88 dated January 09, 2011.

882
bs- GmBwm/wmGgAviAviwm/2001-43/54 RyjvB 25, 2010Bs

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb KZ…K

© B‡Zvc~‡e© RvwiK…Z Av‡`k bs-
GmBwm/wmGgAviAviwm/2001-43/52, ZvwiL RyjvB 22, 2010Bs m~‡Î Kwgkb, wmwKDwiwUR
I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 Gi wewa 36
†gvZv‡eK Zdwm‡j DwjøwLZ gvwR©b FY cÖ`vb msµvšÍ wb‡`©kbv bs 6(1) G cª`Ë ¶gZve‡j
GZØviv AwaKZi Av‡`k Rvwi Kwij †h, gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) KZ…K
© D³
Av‡`‡k DwjøwLZ Dnvi MÖvnK‡`i AbyK~‡j weZiYK…Z gvwR©b F‡Yi wbav©wiZ mxgvi AwZwi³ FY
µgvš^‡q mgš^q Kivi mgq AvMvgx †m‡Þ¤^i 30, 2010Bs ch©šÍ ewa©Z Kiv nBj|
1
[D³ Av‡`‡k e¨w³ †kªYxi g‡°j ewj‡Z individual client eySvB‡e|]

GB Av‡`k Awej‡¤^ Kvh©Ki nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶

†gvt wRqvDj nK †Lv›`Kvi

†Pqvig¨vb|

1
Av‡`k bs GmBwm/wmGgAviAviwm/2009-193/89 ZvwiL: Rvbyqvwi 09, 2011 Gi Øviv mswk-ó Ask evwZj
Kiv nBqv‡Q|

883
NO. SEC/CMRRCD/2009-193/58 August 30, 2010

DIRECTIVE

Further to the Commission‟s Directive No. SEC/CMRRCD/2009-193/25

dated March 07, 2010, the Securities and Exchange Commission hereby
directs the stock brokers of Dhaka Stock Exchange Limited and
Chittagong Stock Exchange Limited under section 20A of the Securities
and Exchange Ordinance, 1969 (XVII of 1969) that the limit of 15% that
was fixed earlier shall now be read as 50% (fifty percent).

This shall be effective from 2nd September, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Directive has no effect. It has been repealed by the Directive
No.SEC/CMRRCD/2009-193/82 dated December 29, 2010

884
NO. SEC/CMRRCD/2009-193/59 August 30, 2010

DIRECTIVE

Further to the Commission‟s Directive No. SEC/CMRRCD/2009-193/26

dated March 07, 2010, the Securities and Exchange Commission hereby
directs the merchant bankers, including the portfolio managers, registered
under the wmwKDwiwUR I G·‡PÄ Kwgkb ( gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi)
wewagvjv, 1996, under section 20A of the Securities and Exchange
Ordinance, 1969 (XVII of 1969), read with wb‡`©kbv bs-14 of wewa 36 of
wmwKDwiwUR I G·‡PÄ Kwgkb ( gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996,
that the limit of 15% that was fixed earlier shall now be read as 50% (fifty
percent).

This shall be effective from 2nd September, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Directive has no effect. It has been repealed by the Directive
No.SEC/CMRRCD/2009-193/83 dated December 29, 2010

885
No. SEC/CMRRCD/2009-193/63 September 06, 2010

DIRECTIVE

Whereas, the Securities and Exchange Commission deems it to be proper

that in the interest of capital market and investors in securities, certain
further directives should be issued to the stock exchanges, stock brokers
and merchant bankers in respect of certain issues related to trading in
securities and margin facilities available on such trading;

Now, therefore, the Commission, in exercise of power conferred on it by

section 20A of the Securities and Exchange Ordinance, 1969 (XVII of
1969), hereby directs the Dhaka Stock Exchange Ltd. (DSE) and the
Chittagong Stock Exchange Ltd. (CSE) and their members conducting
business as stock brokers and the merchant bankers to the effect that;-

1
[(1) Netting or adjustment facilities in any manner in respect of buy or
sell of non-marginable securities (i.e. the securities for which no
margin loan is available or the securities which are considered as non-
marginable securities for settlement and clearing purposes under
Member‟s Margin Regulations) as per the Margin Rules, 1999 and
wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv,
1996, shall remain suspended until further order. Such securities shall
not also be allowed to buy against pre-matured sell proceeds of any
marginable securities.]

(2) The Dhaka Stock Exchange Ltd. shall calculate the Net Asset Value
(NAV) of the listed securities based on the core operation related items

1
Serial No. (1) has been repealed by the Directive No- SEC/CMRRCD/2009-193/94
dated January 10, 2011.

886
 of the respective companies, including Mutual Funds, based on the
latest available financial statements, on weekly basis and disclose the
same in the DSE‟s website at the end of last trading day of every
week. The stock brokers of both DSE and CSE and the merchant
bankers shall consider such disclosed NAV for the purpose of
calculating the maintenance margin of their customers based on the
aforesaid Rules and wewagvjv.

(3) The stock brokers and the merchant bankers concerned will apply the
margin call requirements based on the above Rules and wewagvjv in
respect of applicable cases. In case of failure to respond to such calls
by the concerned customers within September 30, 2010, the stock
brokers and the merchant bankers shall go for forced sell as per
requirements of the said Rules and wewagvjv. These shall be continued
until further directive.

This directive shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

887
No. SEC/CMRRCD/2009-193/64 September 21, 2010

DIRECTIVE

Whereas, the Securities and Exchange Commission deems it to be proper

that in the interest of capital market and investors in securities, certain
further directive for clarification of certain issues, in continuation of the
Commission‟s directive No. SEC/CMRRCD/2009-193/63 dated
September 06, 2010, should be issued to the merchant bankers, stock
exchanges and stock brokers in respect of certain issues related to trading
in securities and margin facilities available on such trading;

Now, therefore, the Commission, in exercise of power conferred on it by

section 20A of the Securities and Exchange Ordinance, 1969 (XVII of
1969), hereby directs the merchant bankers, the Dhaka Stock Exchange
Ltd. (DSE) and the Chittagong Stock Exchange Ltd. (CSE) as well as their
members conducting business as stock brokers to the effect that;-
1. While deciding status as non-marginable securities, the merchant
bankers/brokerage houses shall consider price earning ratio above
allowable limit calculated on the basis of diluted Earning per Share
(EPS) on income from continuing core operations; and if diluted
EPS is not available then basic EPS shall be considered.

2. Dhaka Stock Exchange Ltd. shall calculate margin maintenance

figure based on Net Asset Value (NAV) of the listed securities as
per last available annual/audited/un-audited financial statements
and closing price of the last trading day of the week and disclose
the same in the DSE‟s website at the end of each week which shall
remain effective during the following week. Asset Revaluation
Surplus, if any, shall not be considered in computation of NAV of
the concerned company. In case of Mutual Funds, DSE shall

888
 calculate margin maintenance figure based on the latest disclosed
Net Asset Value (NAV) at market price of the concerned Mutual
Fund and the closing price of the relevant fund at the end of the
week.

This directive shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

889
No. SEC/CMRRCD/2001-16/65 September 28, 2010

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.; -

1. To delist the securities of the issuer companies under Z-category

that will fail to demat their securities within September 30, 2010;

2. To provide facilities for transaction of the said securities on the

Over-the-Counter (OTC) under the Securities and Exchange
Commission (Over-the-Counter) Rules, 2001, subsequent to
delisting until further order.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

890
No. SEC/CMRRCD/2001-43/68 November 21, 2010
DIRECTIVE
Whereas, the Securities and Exchange Commission, in the interest of
investors and capital market, considers it to be appropriate that the
proportion of credit facilities extended by the members of stock exchanges
under the Margin Rules, 1999 should be revised further;
Now, therefore, the Commission, in exercise of its power conferred on it
by section 20A of the Securities and Exchange Ordinance, 1969 (XVII of
1969), hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong
Stock Exchange Ltd, and their members, to the effect that, the members of
the stock exchanges shall not extend credit facilities to their approved
clients 1[(a) beyond 0.5 (zero point five) time of clients‟ margin/clients‟
deposit (i.e. credit facilities shall be on 1:0.5 basis);] and 2[(b) during the
first 15 (fifteen) trading days of opening the clients‟ account and
depositing clients‟ own fund into such account for trading purpose, under
the Margin Rules, 1999, until further order.]

They shall also ensure compliance of the relevant formula applicable for
determination of market price of portfolio/securities for the purpose.

This shall have effect from November 22, 2010.

This Directive shall supersede the previous Directive No.

SEC/CMRRCD/2001-43/47 dated July 08, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.
1
The serial No. (a) has been superseded by the Directive No SEC/CMRRCD /2001-43/75
dated: December 13, 2010.
2
The serial No. (b) has been amended by the Directive No SEC/CMRRCD /2009-193/90
dated: January 09, 2011.

891
bs GmBwm/wmGgAviAviwm/2001-43/69 b‡f¤^i 21, 2010Bs

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I

†cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 Gi wewa 36 †gvZv‡eK Zdwm‡j DwjøwLZ gvwR©b FY
cÖ`vb msµvšÍ wb‡`©kbv bs 6 (1) G cª`Ë ¶gZve‡j, cieZx© wb‡`©k bv †`Iqv ch©šÍ, GZØviv
1
[(K) gvwR©b FY Gi m‡e©v”P nvi 1 t 0.5 (GK AbycvZ k~b¨ `kwgK cuvP) c~b: wba©viY Kwij
(A_©vr, g‡°j ev MÖvn‡Ki Znwe‡ji A‡a©K cwigvY) hvnvi wfwˇZ gv‡P©›U e¨vsKvi (†cvU©‡dvwjI
g¨v‡bRvi) Dnvi g‡°j Z_v MÖvnK‡K weZiY‡hvM¨ gvwR©b FY cÖ`vb Kwi‡Z cvwi‡e;] Ges 2[(L)
gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) KZ©„K †Kvb g‡°j Z_v MÖvnK‡K Dnvi wnmve †Lvjvi
Z_v D³ wnmv‡e †UªwWs Gi Rb¨ g‡°j/MÖvn‡Ki wbR¯^ Znwej Rgv Kivi ZvwiL nB‡Z 15
(cbi) †UªwWs w`em ch©šÍ †Kvb gvwR©b FY cÖ`vb wbwl× Kwij|]

GB Av‡`k b‡f¤^i 22, 2010Bs ZvwiL nB‡Z Kvh©Ki nB‡e|

GZ`&msµvšÍ c~‡e© RvwiK…Z Av‡`k bs GmBwm/wmGgAviAviwm/2001-43/48 ZvwiL RyjvB 08,

2010Bs evwZj ewjqv MY¨ nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶

†gvt wRqvDj nK †Lv›`Kvi

†Pqvig¨vb|

11
Av‡`k bs-GmBwm/wmGgAviAviwm/2001-43/74 ZvwiL wW‡m¤^i 13, 2010 Gi Øviv D³ (K) Ask evwZj
Kiv nBqv‡Q|
2
Av‡`k bs-GmBwm/wmGgAviAviwm/2009-193/91 ZvwiL Rvbyqvwi 09, 2011 Gi Øviv cwiewZ©Z nBqv‡Q|

892
No. SEC/CMRRCD/2001-49/70 November 25, 2010

ORDER

Whereas, the Securities and Exchange Commission considers it to be

expedient, in the interest of the capital market and the investors in
securities, to further review and revise the Regulations concerning the
members‟ margin of the stock exchanges;

Now, therefore, in exercise of power conferred by sub-section (4) of

section 34 of the Securities and Exchange Ordinance, 1969 (XVII of
1969), read with the regulation 9 of the Dhaka Stock Exchange (Members‟
Margin) Regulations, 2000 and the Chittagong Stock Exchange
(Members‟ Margin) Regulations, 2000, the Securities and Exchange
Commission hereby directs the Dhaka Stock Exchange Limited and the
Chittagong Stock Exchange Limited to amend the Dhaka Stock Exchange
(Members‟ Margin) Regulations, 2000 and the Chittagong Stock
Exchange (Members‟ Margin) Regulations, 2000 respectively in the
following manner, namely:-

1. Sub-regulation (3) of regulation 4 shall be substituted by the following

new sub-regulation (3), namely-

“(3) Every member shall deposit the member‟s margin with the
clearing house on the additional trade exposure at the following
rates:-

893
 Additional trade exposure Member’s Margin
(a) Above free limit but not 40%
exceeding taka 1(one) crore
over free limit

(b) Above taka 1(one) crore 60%

over free limit but not
exceeding taka 2(two) crore
over free limit

(c) Above taka 2(two) crore 80%

over free limit but not
exceeding taka 4(four) crore
over free limit

(d) Above taka 4(four) crore 100%.”.

over free limit

2. Clause (a) of sub-regulation (1) of regulation 5 shall be

substituted by the following new clause (a), namely-
“(a) Irrevocable and without recourse to the Drawer, Bank or
Insurance Guarantee or Guarantee issued by the Non-
Banking Financial Institution (NBFI) registered with the
Bangladesh Bank, provided such NBFI is lawfully authorized
in this behalf:

Provided further that such Guarantee shall be acceptable as

member‟s margin for 50% (fifty percent) of the additional
trade exposure in each trading day.”.

894
3. Sub-regulation (3) of regulation 5 shall be substituted by the
following new sub-regulation (3), namely-

“(3) 50% (fifty percent) of the value of the instruments mentioned in

sub-regulation (2) shall be considered as the value of the
member‟s margin deposited under these regulations.”.

This Order shall have effect from November 28, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Order has no effect. It has been repealed by the Order No.
SEC/CMRRCD/2001-49/77 Dated: December 19, 2010.

895
No. SEC/CMRRCD/2001-49/71 November 28, 2010

ORDER

Further to the Commission‟s Order No. SEC/CMRRCD/2001-49/70 dated

November 25, 2010 in respect of amendment to the Dhaka Stock
Exchange (Members‟ Margin) Regulations, 2000 and the Chittagong
Stock Exchange (Members‟ Margin) Regulations, 2000, the said Order of
November 25, 2010 shall have effect from December 05, 2010, in place of
November 28, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Order has no effect. It has been repealed by the Order No.
SEC/CMRRCD/2001-49/77 Dated: December 19, 2010.

896
No. SEC/CMRRCD/2009-193/72 November 30, 2010

DIRECTIVE

Whereas, the Securities and Exchange Commission, in the context of the

prevailing situation in the capital market of Bangladesh, considers it to be
appropriate that trading in certain further listed securities should now be
regulated in the interest of the security investors and the securities and
capital markets;

Now, therefore, the Securities and Exchange Commission, in exercise of

power conferred on it under section 20A of the Securities and Exchange
Ordinance, 1969 (XVII of 1969), hereby directs the Dhaka Stock
Exchange Ltd. and the Chittagong Stock Exchange Ltd. to place the shares
of the following companies under Spot Market for trading, with relevant
settlement and clearance regulations applicable for the trades in the Spot
Market:
1. Pharma Aids Limited
2. Aziz Pipes Limited
3. Ambee Pharmaceuticals Limited
4. Bangladesh Autocars Limited
5. CMC Kamal Textiles Mills limited
6. The Dacca Dyeing & Manufacturing Co. Limited
7. Desh Garments Limited
8. Miracle Industries Limited
9. Mithun Knitting and Dyeing Limited
10. Safko Spinning Mills Limited
11. Standard Ceramic Industries Limited
12. Tallu Spinning Mills Limited
13. United Airways (BD) Limited
14. Sonali Aansh Industries Limited

897
This Directive shall be effective from the trading day of December 05,
2010, and will continue until further Directive.

By order of the Securities and Exchange Commission

Md. Ziaul Haqkue Khondker

Chairman.

N.B. This Directive has no effect. It has been repealed by the Directive
No- SEC/CMRRCD/2009-193/94 dated January 10, 2011.

898
No. SEC/CMRRCD/2001-49/73 December 01, 2010

ORDER

Further to the Commission‟s Order No. SEC/CMRRCD/2001-49/70 dated

November 25, 2010 and No. SEC/CMRRCD/2001-49/71 dated November
28, 2010 in respect of amendment to the Dhaka Stock Exchange
(Member‟s Margin) Regulations, 2000 and the Chittagong Stock
Exchange (Member‟s Margin) Regulations, 2000, the said Order of
November 25, 2010 shall now have effect from January 02, 2011, in place
of December 05, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Order has no effect. It has been repealed by the Order No.
SEC/CMRRCD/2001-49/77 Dated: December 19, 2010.

899
bs GmBwm/wmGgAviAviwm/2001-43/74 wW‡m¤^i 13, 2010Bs
Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I

†cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 Gi wewa 36 †gvZv‡eK Zdwm‡j DwjøwLZ gvwR©b FY
cÖ`vb msµvšÍ wb‡`©kbv bs 6 (1) G cª`Ë ¶gZve‡j, cieZx© wb‡`©k bv †`Iqv ch©šÍ, GZØviv
gvwR©b FY Gi m‡e©v”P nvi 1 t 1 (GK AbycvZ GK) c~b: wba©viY Kwij (A_©vr, g‡°j ev
MÖvn‡Ki mgcwigvY) hvnvi wfwˇZ gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) Dnvi g‡°j Z_v
MÖvnK‡K weZiY‡hvM¨ gvwR©b FY cÖ`vb Kwi‡Z cvwi‡e| D‡jøL¨, †cvU©‡dvwjI/wmwKDwiwUi
evRvig~j¨ wba©vi‡Yi †¶‡Î DwjøwLZ wewai Zdwmj Gi wb‡`©kbv bs 7 AbymiY wbwðZ Kwi‡Z
nB‡e|
GB Av‡`k Awej‡¤^ Kvh©Ki nB‡e|
GZ`&msµvšÍ c~‡e© RvwiK…Z Av‡`k bs GmBwm/wmGgAviAviwm/2001-43/69 ZvwiL b‡f¤^i
21, 2010Bs Gi µwgK bs (K) evwZj ewjqv MY¨ nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶

†gvt wRqvDj nK †Lv›`Kvi

†Pqvig¨vb|

we.`ª. GB Av‡`kwUi Kvh©KvwiZv bvB| Bnv Av‡`k bs GmBwm/wmGgAviAviwm/2001-43/80

ZvwiL: wW‡m¤^i 19, 2010Bs Gi Øviv evwZj Kiv nBqv‡Q|

900
No. SEC/CMRRCD/2001-43/75 December 13, 2010

DIRECTIVE
Whereas, the Securities and Exchange Commission, in the interest of
investors and capital market, considers it to be appropriate that the
proportion of credit facilities extended by the members of stock exchanges
under the Margin Rules, 1999 should be revised further;
Now, therefore, the Commission, in exercise of its power conferred on it
by section 20A of the Securities and Exchange Ordinance, 1969 (XVII of
1969), hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong
Stock Exchange Ltd, and their members, to the effect that, the members of
the stock exchanges shall not extend credit facilities to their approved
clients beyond 1.00 (One point zero) time of clients‟ margin/clients‟
deposit (i.e. credit facilities shall be on 1:1 basis) under the Margin Rules,
1999, until further order.
They shall also ensure compliance of the relevant formula applicable for
determination of market price of portfolio/securities for the purpose.

This shall have immediate effect.

This Directive shall supersede the Serial number (a) of previous Directive
No. SEC/CMRRCD/2001-43/68 dated November 21, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Order has no effect. It has been superseded by the Order No.
SEC/CMRRCD/2001-43/79 Dated: December 19, 2010.

901
bs-GmBwm/wmGgAviAviwmwW/2001-26/76 wW‡m¤^i 14, 2010

Av‡`k

†h‡nZz, wmwKDwiwUR I G·‡PÄ Kwgkb, Av‡`k bs-GmBwm/GmAviGgAvBwW/94-192/1592

ZvwiL Rvbyqvwi 01, 2008Bs Gi gva¨‡g wmwKDwiwUR I G·‡PÄ Kwgkb (myweav‡fvMx e¨emv
wbwl×KiY) wewagvjv, 1995 Gi wewa-4(2) Gi eva¨evaKZv nB‡Z ZvwjKvfy³ †Kv¤úvwbi
D‡`¨v³v/cwiPvjK wnmv‡e MYcÖRvZš¿x evsjv‡`k miKvi Ges Dnvi wbqš¿Yvaxb ms¯’vmg~n‡K
DwjøwLZ Av‡`k Rvwii ZvwiL nB‡Z, A_©vr Rvbyqvwi 01, 2008Bs nB‡Z, cieZ©x `yB eQ‡ii
Rb¨ Ae¨vnwZ cÖ`vb K‡i;

†h‡nZz, cuywRevRv‡ii Dbœq‡bi j‡¶¨ wmwKDwiwU‡Ri mieivn e„w× Kivi D‡Ï‡k¨ wmwKDwiwUR I
G·‡PÄ Kwgkb, MYcÖRvZš¿x evsjv‡`k miKvi Ges Dnvi wbqš¿Yvaxb ms¯’vmg~n KZ…K
© aviYK…Z
ZvwjKvfy³ †Kv¤úvwbi AwaKZi wmwKDwiwUR weµ‡qi j‡¶¨ wmwKDwiwUR I G·‡PÄ Kwgkb
(myweav‡fvMx e¨emv wbwl×KiY) wewagvjv, 1995 Gi wewa-4(2) Gi eva¨evaKZv nB‡Z D³
ZvwjKvfy³ †Kv¤úvwbi D‡`¨v³v/cwiPvjK wnmv‡e MYcÖRvZš¿x evsjv‡`k miKvi Ges Dnvi
wbqš¿Yvaxb ms¯’vmg~n‡K cÖ`Ë Ae¨vnwZi †gqv` e„w× Kiv cª‡qvRb;

AZGe, †m‡nZz, wmwKDwiwUR I G·‡PÄ Kwgkb, DwjøwLZ wewagvjvi wewa-10 G cÖ`Ë

¶gZve‡j, ZvwjKvfy³ †Kv¤úvwbi D‡`¨v³v/cwiPvjK wnmv‡e MYcÖRvZš¿x evsjv‡`k miKvi Ges
Dnvi wbqš¿Yvaxb ms¯’vmg~n‡K Dch©y³ wewa-4(2) Gi eva¨evaKZv nB‡Z, Dc‡iv³ Av‡`‡ki
avivevwnKZv eRvq ivwLqv, wW‡m¤^i 31, 2011Bs ch©šÍ Ae¨vnwZ cÖ`vb Kwij|

wmwKDwiwUR I G·‡PÄ Kwgkb Gi Av‡`kµ‡g,

†gvt wRqvDj nK †Lv›`Kvi

†Pqvig¨vb

902
No. SEC/CMRRCD/2001-49/77 December 19, 2010

ORDER
Whereas, the Securities and Exchange Commission considers it to be
expedient, in the interest of the capital market and the investors in
securities, its Order No. SEC/CMRRCD/2001-49/70 dated November 25,
2010 regarding amendment to the Dhaka Stock Exchange (Members‟
Margin) Regulations, 2000 and the Chittagong Stock Exchange
(Members‟ Margin) Regulations, 2000 should be repealed;
Now, therefore, the Commission hereby repeals the said Order No.
SEC/CMRRCD/2001-49/70 dated November 25, 2010 along with the
related Orders No. SEC/CMRRCD/2001-49/71 dated November 28, 2010
and No. SEC/CMRRCD/2001-49/73 dated December 01, 2010.

This shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

903
No. SEC/CMRRCD/2009-193/78 December 19, 2010

DIRECTIVE

The Securities and Exchange Commission, in the interest of the capital

market and the investors in securities, hereby repeals its Directive No.
SEC/CMRRCD/2009-193/22 dated February 18, 2010 by which the shares
of Grameen Phone Ltd. and Marico Bangladesh Ltd. were placed under
spot market for trading.

This Directive shall have effect from December 20, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman

904
No.SEC/CMRRCD/2001-43/79 December 19, 2010

DIRECTIVE
Whereas, the Securities and Exchange Commission, in the interest of
investors and capital market, considers it to be appropriate that the
proportion of credit facilities extended by the members of stock exchanges
under the Margin Rules, 1999 should be revised further;

Now, therefore, the Commission, in exercise of its power conferred on it

by section 20A of the Securities and Exchange Ordinance, 1969 (XVII of
1969), hereby directs the Dhaka Stock Exchange Ltd. and the Chittagong
Stock Exchange Ltd, and their members, to the effect that, the members of
the stock exchanges shall not extend credit facilities to their approved
clients beyond 1.5 (One point five) time of clients‟ margin/clients‟ deposit
(i.e. credit facilities shall be on 1:1.5 basis) under the Margin Rules, 1999,
until further order.

In this regard the compliance of the relevant formula applicable for

determination of market price of portfolio/securities for the purpose has
also been suspended until further order.

This shall have effect from December 20, 2010.

This Directive shall supersede the previous Directive No.

SEC/CMRRCD/2001-43/75 dated December 13, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

905
bs GmBwm/wmGgAviAviwm/2001-43/80 wW‡m¤^i 19, 2010Bs

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I

†cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 Gi wewa 36 †gvZv‡eK Zdwm‡j DwjøwLZ gvwR©b FY
cÖ`vb msµvšÍ wb‡`©kbv bs 6 (1) G cª`Ë ¶gZve‡j, cieZx© wb‡`©k bv †`Iqv ch©šÍ, GZØviv
gvwR©b FY Gi m‡e©v”P nvi 1 t 1.5 (GK AbycvZ GK `kwgK cuvP) c~b: wba©viY Kwij (A_©vr,
g‡°j ev MÖvn‡Ki Znwe‡ji ‡`o¸Y) hvnvi wfwˇZ gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi)
Dnvi g‡°j Z_v MÖvnK‡K weZiY‡hvM¨ gvwR©b FY cÖ`vb Kwi‡Z cvwi‡e| GKB mv‡_,
†cvU©‡dvwjI/wmwKDwiwUi evRvig~j¨ wba©vi‡Yi †¶‡Î DwjøwLZ wewai Zdwmj Gi wb‡`©kbv bs 7
AbymiY, cybiv‡`k bv †`qv ch©šÍ, ¯’wMZ Kiv nBj|

GB Av‡`k wW‡m¤^i 20, 2010Bs ZvwiL nB‡Z Kvh©Ki nB‡e|

GZ`&msµvšÍ c~‡e© RvwiK…Z Av‡`k bs GmBwm/wmGgAviAviwm/2001-43/74 ZvwiL wW‡m¤^i

13, 2010Bs evwZj ewjqv MY¨ nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶

†gvt wRqvDj nK †Lv›`Kvi

†Pqvig¨vb|

906
NO. SEC/CMRRCD/2009-193/82 December 29, 2010

DIRECTIVE

The Securities and Exchange Commission, in the interest of the capital

market and the investors in securities, hereby repeals its following
Directives with effect from 2nd January 2011:

(a) No. SEC/CMRRCD/2001-43/05 dated December 17, 2009;

(b) No. SEC/CMRRCD/2009-193/25 dated March 07, 2010;
(c) No. SEC/CMRRCD/2009-193/58 dated August 30, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

907
NO.SEC/CMRRCD/2009-193/83 December 29, 2010

DIRECTIVE

The Securities and Exchange Commission, in the interest of the capital

market and the investors in securities, hereby repeals its following
Directives with effect from 2nd January 2011:

(a) No. SEC/CMRRCD/2001-43/06 dated December 17, 2009;

(b) No. SEC/CMRRCD/2009-193/26 dated March 07, 2010;
(c) No. SEC/CMRRCD/2009-193/59 dated August 30, 2010.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

908
No.SEC/CMRRCD/2009-193/85 December 30, 2010

DIRECTIVE

Further to the Directive No. SEC/CMRRCD/2009-193/82 dated December

29, 2010, the Securities and Exchange Commission, in the interest of the
capital market and the investors in securities, hereby also repeals its
Directive No. SEC/CMRRCD/2001-43/204 dated October 26, 2009 with
effect from January 02, 2011.

By order of the Securities and Exchange Commission

Ruksana Chowdhury
Executive Director

909
No.SEC/CMRRCD/2009-193/86 December 30, 2010

DIRECTIVE

Further to the Directive No. SEC/CMRRCD/2009-193/83 dated December

29, 2010, the Securities and Exchange Commission, in the interest of the
capital market and the investors in securities, hereby also repeals its
Directive No. SEC/CMRRCD/2001-43/203 dated October 26, 2009 with
effect from January 02, 2011.

By order of the Securities and Exchange Commission

Ruksana Chowdhury
Executive Director.

910
No.SEC/CMRRCD/2009-193/87 January 09, 2011

DIRECTIVE

The Securities and Exchange Commission, in the interest of the investors

in securities and the capital market, hereby repeals its Directive No.
SEC/CMRRCD/2001-43/17 dated February 08, 2010.

This shall have effect from January 10, 2011.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

911
No.SEC/CMRRCD/2009-193/88 January 09, 2011

DIRECTIVE

The Securities and Exchange Commission, in the interest of the investors

in securities and the capital market, hereby repeals serial No. 1 of its
Directive No. SEC/CMRRCD/2001-43/51 dated July 22, 2010, read with
relevant portion of the subsequent Directive No. SEC/CMRRCD/2001-
43/53 dated July 25, 2010.

This shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

912
bs GmBwm/wmGgAviAviwm/2009-193/89 Rvbyqvwi 09, 2011Bs

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wewb‡qvMKvix I cuywRevRv‡ii ¯^v‡_©, Bnvi Av‡`k bs

GmBwm/wmGgAviAviwm/2001-43/52 ZvwiL RyjvB 22, 2010Bs Gi µwgK bs-1, Av‡`k bs
GmBwm/wmGgAviAviwm/2001-43/54 ZvwiL RyjvB 25, 2010Bs Gi mswkøó Askmn cwVZ,
GZØviv evwZj Kwij|

GB Av‡`k Awej‡¤^ Kvh©Ki nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶

†gvt wRqvDj nK †Lv›`Kvi

†Pqvig¨vb|

913
No. SEC/CMRRCD/2009-193/90 January 09, 2011

DIRECTIVE

The Securities and Exchange Commission, in the interest of investors and

capital market, hereby amend serial No. (b) of its Directive No.
SEC/CMRRCD/2001-43/68 dated November 21, 2010, to read as follows:

“(b) during the first 15 (fifteen) trading days of opening the clients‟
account and depositing clients‟ own fund into such account for trading
purpose, under the Margin Rules, 1999, until further order.”.

This shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

914
bs GmBwm/wmGgAviAviwm/2009-193/91 Rvbyqvwi 09 , 2011Bs

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wewb‡qvMKvix I cyuywRevRv‡ii ¯^v‡_©, Bnvi Av‡`k bs

GmBwm/wmGgAviAviwmwW/2001-43/69 ZvwiL b‡f¤^i 21, 2010Bs Gi µwgK bs (L)
GZØviv wb‡¤œv³fv‡e ms‡kvab Kwij;-

Ò(L) gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) KZ©„K †Kvb g‡°j Z_v MÖvnK‡K Dnvi wnmve
†Lvjvi Z_v D³ wnmv‡e †UªwWs Gi Rb¨ g‡°j/MÖvn‡Ki wbR¯^ Znwej Rgv Kivi ZvwiL
nB‡Z 15 (cbi) †UªwWs w`em ch©šÍ †Kvb gvwR©b FY cÖ`vb wbwl× Kwij|Ó|

GB Av‡`k Awej‡¤^ Kvh©Ki nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶

†gvt wRqvDj nK †Lv›`Kvi

†Pqvig¨vb|

915
No. SEC/CMRRCD/2009-193/92 January 10, 2011

DIRECTIVE

Further to the Directive No. SEC/CMRRCD/2001-43/79 dated December

19, 2010 issued by the Securities and Exchange Commission, the members
of the stock exchanges may now extend credit facilities to their approved
clients upto 2 (two) times of clients‟ margin/clients‟ deposit (i.e. credit
facilities shall be on 1:2 basis) under the Margin Rules, 1999, until further
order.

This shall have effect from January 11, 2011.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

916
bs GmBwm/wmGgAviAviwm/2009-193/93 Rvbyqvwi 10, 2011Bs

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I

†cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 Gi wewa 36 †gvZv‡eK Zdwm‡j DwjøwLZ gvwR©b FY
cÖ`vb msµvšÍ wb‡`©kbv bs 6 (1) G cª`Ë ¶gZve‡j, cieZx© wb‡`©k bv †`Iqv ch©šÍ, GZØviv
gvwR©b FY Gi m‡e©v”P nvi 1 t 2 (GK AbycvZ `yB) c~b: wba©viY Kwij (A_©vr, g‡°j ev
MÖvn‡Ki Znwe‡ji `yB ¸Y) hvnvi wfwˇZ gv‡P©›U e¨vsKvi (†cvU©‡dvwjI g¨v‡bRvi) Dnvi g‡°j
Z_v MÖvnK‡K weZiY‡hvM¨ gvwR©b FY cÖ`vb Kwi‡Z cvwi‡e|

GB Av‡`k GZ`&msµvšÍ c~‡e© RvwiK…Z Av‡`k bs GmBwm/wmGgAviAviwm/2001-43/80 ZvwiL

wW‡m¤^i 19, 2010Bs Gi avivevwnKZvq Rvwi Kiv nBj, hvnv Rvbyqvwi 11, 2011Bs ZvwiL
nB‡Z Kvh©Ki nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶

†gvt wRqvDj nK †Lv›`Kvi

†Pqvig¨vb|

917
No.SEC/CMRRCD/2009-193/94 January 10, 2011

DIRECTIVE

The Securities and Exchange Commission, in the interest of investors and

capital market, hereby repeals the following;-

(a) the serial No. (1) of the Directive No. SEC/CMRRCD/2009-

193/63 dated September 06, 2010;
(b) the Directive No. SEC/CMRRCD/2009-193/72 dated November
30, 2010.

This shall have effect from January 11, 2011.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

918
bs- GmBwm/wmGgAviAviwm/2009-193/95 Rvbyqvwi 10, 2011Bs

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wewb‡qvMKvix I cyuwRevRv‡ii ¯^v‡_©, wmwKDwiwUR I G·‡PÄ

Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 Gi wewa 16K Gi Dcwewa
(1) Gi `dv (L) Gi kZ©vs‡ki Kvh©KvwiZv GZØviv Ryb 30, 2011Bs ZvwiL ch©šÍ ¯’wMZ
Kwij|

GB Av‡`k Rvbyqvwi 11, 2011Bs ZvwiL nB‡Z Kvh©Ki nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶

†gvt wRqvDj nK †Lv›`Kvi

†Pqvig¨vb|

919
bs- GmBwm/wmGgAviAviwm/2009-193/96 Rvbyqvwi 11, 2011Bs

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wewb‡qvMKvix I cyuwRevRv‡ii ¯^v‡_©, wmwKDwiwUR I G·‡PÄ

Kwgkb (wgDPy¨qvj dvÛ) wewagvjv, 2001 Gi wewa 56 G DwjøwLZ cÂg Zdwm†ji `dv 2 I 5
Gi Kvh©KvwiZv GZØviv gvP© 31, 2011Bs ZvwiL ch©šÍ ¯’wMZ Kwij|

GB Av‡`k Awej‡¤^ Kvh©Ki nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶

†gvt wRqvDj nK †Lv›`Kvi

†Pqvig¨vb|

920
No. SEC/CMRRCD/2009-193/97 January 16, 2011

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. to transfer the securities of the following
companies from the Over-the-Counter (OTC) Market to the Main Market
for transaction, as the securities of these companies have been declared as
eligible for dematerialization:

1. Bangladesh Services Ltd.

2. Samata Leather Complex Ltd.
3. Anlima Yarn Dyeing Ltd.
4. Alltex Industries Ltd.
5. Modern Dyeing & Screen Printing Ltd.
6. Zeal Bangla Sugar Mills Ltd.
7. Shyampur Sugar Mills Ltd.
8. Renwick Jajneswar & Co. (Bd) Ltd.
9. Northern Jute Manufacturing Co. Ltd.
10. Orion Infusion Ltd.
This directive shall have effect from January 23, 2011.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

921
No. SEC/CMRRCD/2009-193/100 February 10, 2011

DIRECTIVE

Whereas, the Securities and Exchange Commission (hereinafter referred to

as “the Commission”) deems it to be proper that in the interest of investors
and capital market, certain directives should be issued to the Stock
Exchanges, Merchant Bankers, Portfolio Managers, Issue Managers, Asset
Management Companies, Central Depository Bangladesh Limited,
Depository Participants and Issuer Companies etc. in respect of enquiry
under Gazette Notification No.–GmBwm/mv‡f©Bj¨vÝ/2011-749/500 ZvwiL, 26
Rvbyqvwi 2011;

Now, therefore, the Commission, in exercise of power conferred on it by

section 20A of the Securities and Exchange Ordinance, 1969 (XVII of
1969), hereby directs the following:

1. Stock Exchanges shall provide all sorts of cooperation and

inspect/enquire the affairs of Merchant Bankers, Portfolio
Managers, Issue Managers, Asset Management Companies,
Central Depository Bangladesh Limited, Depository Participants
and Issuer Companies etc. as per requirement of the enquiry
committee formed by the aforesaid Gazette Notification; and

2. Merchant Bankers, Portfolio Managers, Issue Managers, Asset

Management Companies, Central Depository Bangladesh Limited,
Depository Participants and Issuer Companies etc. shall provide all
sorts of cooperation as per requirement of the said enquiry
committee and the Stock Exchanges in this regard.

922
This directive shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

N.B. This Directive has no effect. It has been repealed by the Directive
No- SEC/CMRRCD/2009-193/102 dated April 10, 2011

923
No. SEC/CMRRCD/2009-193/102 April 10, 2011

DIRECTIVE

The Securities and Exchange Commission, in the interest of the investors

in securities and the capital market, hereby repeals its Directive No.
SEC/CMRRCD/2009-193/100 dated February 10, 2011.

This shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker

Chairman.

924
bs-GmBwm/wmGgAviAviwmwW/2009-193/108
†m‡Þ¤^i 15, 2011

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wewb‡qvMKvix I cyuwRevRv‡ii ¯^v‡_©, wmwKDwiwUR I G·‡PÄ

Kwgkb (wgDPz¨qvj dvÛ) wewagvjv, 2001 Gi wewa 56 G DwjøwLZ cÂg Zdwm‡ji `dv 2 I 5
Gi Kvh©KvwiZv GZØviv wW‡m¤^i 31, 2011Bs ZvwiL ch©šÍ ¯’wMZ Kwij|

GB Av‡`k †m‡Þ¤^i 18, 2011 ZvwiL nB‡Z Kvh©Ki nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g,

Aa¨vcK W. Gg Lvqiæj †nv‡mb

‡Pqvig¨vb|

925
bs GmBwm/wmGgAviAviwmwW/2009-193/109
†m‡Þ¤^i 15, 2011
Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wewb‡qvMKvix I cyuwRevRv‡ii ¯^v‡_© Securities and

Exchange Ordinance, 1969 (Ordinance No.XVII of 1969) Gi Section 20A
‡Z cÖ`Ë ¶gZve‡j wb‡gv³ Av‡`k Rvwi Kwij t-

÷K G·‡P‡Ä ZvwjKvfy³ †hB mKj †Kv¤úvwbi †kqvi I wgDPz¨qvj dv‡Ûi AwfwnZ g~j¨
10.00 (`k) UvKv bq, †mB mKj †Kv¤úvwb I wgDPz¨qvj dvÛ‡K AvMvgx b‡f¤^i 30, 2011 Gi
g‡a¨ mKj AvbyôvwbKZv cwicvjb Kwiqv wW‡m¤^i 4, 2011 ZvwiL nB‡Z Uniform AwfwnZ
g~‡j¨ A_©vr, AwfwnZ g~j¨ 10.00 (`k) UvKvi gva¨‡g †UªwWs ïiæ Kwi‡Z nB‡e| GB Rb¨
wW‡m¤^i 01, 2011 ZvwiL †iKW© †WU avh© Kwi‡Z nB‡e| Bnvi Rb¨ †Kvb g~j¨ ms‡e`bkxj Z_¨
cÖKvk Kwi‡Z nB‡e bv|

GB Av‡`k Awej‡¤^ Kvh©Ki nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g,

Aa¨vcK W. Gg Lvqiæj †nv‡mb

†Pqvig¨vb|

926
bs GmBwm/wmGgAviAviwmwW/2009-193/111
†m‡Þ¤^i 21, 2011

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, cyuwRevRv‡ii Dbœqb I wewb‡qvMKvix‡`i ¯^v‡_© Securities

and Exchange Ordinance, 1969 (XVII of 1969) Gi Section 20A ‡Z cÖ`Ë
¶gZve‡j wb‡gœv³ Av‡`k Rvwi Kwij t

÷K G·‡P‡Ä ZvwjKvfy³ †Kvb †Kv¤úvwbi D‡`¨v³v A_ev cwiPvjK A_ev †Kvb †kqvi †nvìvi
whwb D³ †Kv¤úvwbi 5% ev Zvi †ewk †kqvi aviY K‡ib, wZwb cybiv‡`k bv †`Iqv ch©šÍ
mswkøó †Kv¤úvwbi †kqvi weµq Kwi‡Z cvwi‡eb bv|

GB Av‡`k Awej‡¤^ Kvh©Ki nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g,

Aa¨vcK W. Gg Lvqiæj †nv‡mb

†Pqvig¨vb|

927
bs t GmBwm/GmAviGgAvBwm/95-299/384 Zvst 12.02.2012

welqt †bvwUwd‡Kkb bs GmBwm/wmGgAviAviwmwW/2009-193/120/cÖkvmb/35 ZvwiL 07

wW‡m¤^i 2011 cÖm‡½|

wcÖq g‡nv`q,

Dchy©³ wel‡q mvwe©K we‡ePbv c~e©K Kwgkb KZ…K

© wm×všÍ M„nxZ nq †h, Kwgk‡bi †bvwUwd‡Kkb
bs GmBwm/wmGgAviAviwmwW/2009-193/120/cÖkvmb/35 ZvwiL 07 wW‡m¤^i 2011 Bs
ZvwiL †gvZv‡eK ZvwjKvfz³ †Kv¤úvbxi D‡`¨v³v/cwiPvjK‡`i cwi‡kvwaZ g~ja‡bi 2% †kqvi
6 (Qq) gv‡mi g‡a¨ aviY Kivi welqwU K) mvaviY †kqvi‡nvìvi‡`i g‡a¨ †_‡K wbe©vwPZ
cwiPvjK L) e¨vs‡Ki AvgvbZKvix‡`i g‡a¨ †_‡K wbe©vwPZ cwiPvjK I M) ex-offico
cwiPvjK (e¨e¯’vcbv cwiPvjK) †ÿ‡Î cÖ‡hvR¨ n‡e bv KviY Zviv Independent/ g‡bvbxZ
cwiPvjK wnmv‡e MY¨ n‡eb| Z‡e D‡jøL¨ †h, e¨e¯’vcbv cwiPvjK †Kv¤úvbxi D‡`¨v³v ev
cwiPvjK n‡j Zvi †ÿ‡Î D³ †bvwUwd‡Kkb cÖ‡hvR¨ n‡e Z‡e wZwb ïaygvÎ †Kv¤úvbxi
wb‡qvMcÖvß †eZbfz³ Kg©KZ©v n‡j cÖ‡hvR¨ n‡e bv|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi wb‡`©kµ‡g,

Avey ivqnvb †gvnv¤§` gyZvmxg wejøvn

Dc cwiPvjK

928
bs- GmBwm/wmGgAviAviwm/2009-193/123 †deªæqvwi 23, 2012Bs
Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wewb‡qvMKvix I cyuwRevRv‡ii ¯^v‡_©, wmwKDwiwUR I G·‡PÄ

Kwgkb (wgDPy¨qvj dvÛ) wewagvjv, 2001 Gi wewa 56 G DwjøwLZ cÂg Zdwm†ji `dv 2 I 5
Gi Kvh©KvwiZv GZØviv Ryb 30, 2012Bs ZvwiL ch©šÍ ¯’wMZ Kwij|

GB Av‡`k Awej‡¤^ Kvh©Ki nB‡e Ges Bnv Kwgk‡bi Av‡`k bs- GmBwm/wmGgAviAviwmwW/
2009-193/108 ZvwiLt †m‡Þ¤^i 15, 2011 Gi avivevwnKZvq Rvwi Kiv nBj|

wmwKDwiwUR I G·‡PÄ Kwgkb Gi Av‡`kµ‡g,

Aa¨vcK W. Gg Lvqiæj †nv‡mb

†Pqvig¨vb|

929
 ORDER
April 25, 2012

No. SEC/SRMIC/94-194/421: Whereas, the Securities and Exchange

Commission (herein after referred to as “ the Commission”) considers it to be
expedient in the interest of the capital market and the investors in securities, the
sponsors/promoters and directors of listed „Z‟ category companies shall be
allowed to acquire shares for the time being, for implementation of the
Notifications No. SEC/CMRRCD/2009-193/119/Admin/34 dated November 22,
2011 and SEC/CMRRCD/2009-193/120/Admin/35 dated December 07, 2011;

Now, therefore, in exercise of power conferred by section 20A of the Securities

and Exchange Ordinance, 1969 (XVII of 1969), the Commission hereby
suspends the effect of its previous Orders No. SEC/CMRRCD/2008-178/679
dated 15 January 2008 and SEC/CMRRCD/2008-178/680 dated 15 January 2008
till May 21, 2012 to facilitate acquiring the said amount of shares in the
Notifications No. SEC/CMRRCD/2009-193/119/Admin/34 dated November 22,
2011 and SEC/CMRRCD/2009-193/120/Admin/35 dated December 07, 2011, by
the sponsors/promoters and directors of the listed „Z‟ category companies.

This shall have immediate effect.

By order of the Securities and Exchange Commission

Prof. Dr. M. Khairul Hossain

Chairman.

930
bs- GmBwm/wmGgAviAviwmwW/2009-193/130 10 RyjvB 2012
wb‡`©kbv
†h‡nZz, cyuwRevRv‡ii ¶z`ª wewb‡qvMKvix‡`i ¯^v_© msi¶‡Y we‡kl ¯‥xg cÖYq‡bi j‡¶¨
MYcÖRvZš¿x evsjv‡`k miKv‡ii A_© gš¿Yvjq Gi e¨vsK I Avw_©K cÖwZôvb wefv‡Mi cÖÁvcb bs
53.014.031.00.00.085. 2005(7)-435 ZvwiL 27 b‡f¤^i 2011 wLªóvã (mshyw³-1) Gi
gva¨‡g 6 m`m¨ wewkó GKwU we‡kl ¯‥xg cÖYqb KwgwU MVb Kiv nq|
†h‡nZz, DwjøwLZ KwgwUi mycvwi‡ki Av‡jv‡K Ges mswkøó mKj gn‡ji mv‡_ Av‡jvPbv K‡i
cyuwRevRv‡ii w¯’wZkxjZv Avbqb I ¶z`ª wewb‡qvMKvix‡`i ¯^v_© i¶v‡_© MYcÖRvZš¿x evsjv‡`k
miKvi KwZcq wm×všÍ MÖnY K‡i‡Q hv A_©gš¿Yvj‡qi e¨vsK I Avw_©K cÖwZôvb wefv‡Mi Awdm
¯§viK bs- 53.014.031.02.00.002.2012-72 ZvwiL 05 gvP© 2012 wLªóvã I ¯§viK bs-
53.014.031.02.00.002.2012-237 ZvwiL 03 RyjvB 2012 wLªóvã (mshyw³-2, 3) G
AšÍf©y³ n‡q‡Q|
†h‡nZz, GiB avivevwnKZvq KwgwU KZ…K © mKj gv‡P©›U e¨vsKvi/÷K-†eªvKvi/÷K-wWjvi mg~n‡K
¶wZMÖ¯Í ¶z`ª wewb‡qvMKvix‡`i Z_¨ msMÖn K‡i cÖ`Ë Z_¨ we‡kølY c~e©K we‡kl ¯‥x‡gi AvIZvq
¶wZMÖ¯Í ¶z`ª wewb‡qvMKvix‡`i PzovšÍ ZvwjKv (wmwW mshy³) cÖ¯Z
‘ Kiv n‡q‡Q |
AZGe, †m‡nZz, cyuwRevRv‡ii w¯’wZkxjZv Avbqb, ¶z`ª wewb‡qvMKvix‡`i ¯^v_© i¶v‡_© miKvi
KZ…K © M„nxZ wm×všÍ †gvZv‡eK XvKv ÷K G·‡PÄ wjwg‡UW Gi A¯Íf©~³ 209 (`yBkZ bq)wU ÷K
†eªvKvi Gi ¶wZMÖ¯Í ¶z`ª wewb‡qvMKvix‡`i DwjøwLZ P~ovšÍ ZvwjKv Abyhvqx A_© gš¿Yvj‡qi e¨vsK
I Avw_©K cÖwZôvb wefv‡Mi Awdm ¯§viK bs- 53.014.031.02.00.002.2012-72 ZvwiL 05
gvP© 2012 wLªóvã I ¯§viK bs- 53.014.031.02.00.002.2012-237 ZvwiL 03 RyjvB
2012 wLªóvã Gi wb‡`©kbv †gvZv‡eK wm×všÍmgyn ev¯Íevqb KiZt GZ`&msµvšÍ GKwU cwicvjb
cÖwZ‡e`b AvMvgx 14 AvM÷ 2012 Zvwi‡Li g‡a¨ XvKv ÷K G·‡PÄ wjwg‡UW G `vwLj Kivi
Rb¨ The Securities and Exchange Ordinance, 1969 Gi 20A G cÖ`Ë ¶gZv e‡j
(K) XvKv ÷K G·‡PÄ wjwg‡UW Gi AvIZvaxb mswkøó mKj ÷K-†eªvKvi‡K Ges (L) D³
cwicvjb wbwðZ KiZt G msµvšÍ GKwU mgwš^Z cÖwZ‡e`b AvMvgx 30 AvM÷ 2012 Bs Gi
g‡a¨ Kwgk‡b `vwLj Kivi Rb¨ XvKv ÷K G·‡PÄ wjwg‡UW‡K wb‡`©k cÖ`vb Kiv nÕj|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g

Aa¨vcK W. Gg. Lvqiæj †nv‡mb

†Pqvig¨vb|

931
bs- GmBwm/wmGgAviAviwmwW/2009-193/131
10 RyjvB 2012
wb‡`©kbv

†h‡nZz, cyuwRevRv‡ii ¶z`ª wewb‡qvMKvix‡`i ¯^v_© msi¶‡Y we‡kl ¯‥xg cÖYq‡bi j‡¶¨
MYcÖRvZš¿x evsjv‡`k miKv‡ii A_© gš¿Yvjq Gi e¨vsK I Avw_©K cÖwZôvb wefv‡Mi cÖÁvcb bs
53.014.031.00.00.085. 2005(7)-435 ZvwiL 27 b‡f¤^i 2011 wLªóvã (mshyw³-1) Gi
gva¨‡g 6 m`m¨ wewkó GKwU we‡kl ¯‥xg cÖYqb KwgwU MVb Kiv nq|

†h‡nZz, DwjøwLZ KwgwUi mycvwi‡ki Av‡jv‡K Ges mswkøó mKj gn‡ji mv‡_ Av‡jvPbv K‡i
cyuwRevRv‡ii w¯’wZkxjZv Avbqb I ¶z`ª wewb‡qvMKvix‡`i ¯^v_© i¶v‡_© MYcÖRvZš¿x evsjv‡`k
miKvi KwZcq wm×všÍ MÖnY K‡i‡Q hv A_©gš¿Yvj‡qi e¨vsK I Avw_©K cÖwZôvb wefv‡Mi Awdm
¯§viK bs- 53.014.031.02.00.002.2012-72 ZvwiL 05 gvP© 2012 wLªóvã I ¯§viK bs-
53.014.031.02.00.002.2012-237 ZvwiL 03 RyjvB 2012 wLªóvã (mshyw³-2, 3) G
AšÍf©y³ n‡q‡Q|

†h‡nZz, GiB avivevwnKZvq KwgwU KZ…K © mKj gv‡P©›U e¨vsKvi/÷K-†eªvKvi/÷K-wWjvi mg~n‡K

¶wZMÖ¯Í ¶z`ª wewb‡qvMKvix‡`i Z_¨ msMÖn K‡i cÖ`Ë Z_¨ we‡kølY c~e©K we‡kl ¯‥x‡gi AvIZvq
¶wZMÖ¯Í ¶z`ª wewb‡qvMKvix‡`i PzovšÍÍ ZvwjKv (wmwW mshy³) cÖ¯Z
‘ Kiv n‡q‡Q|

AZGe, †m‡nZz, cyuwRevRv‡ii w¯’wZkxjZv Avbqb, ¶z`ª wewb‡qvMKvix‡`i ¯^v_© i¶v‡_© miKvi
KZ…K© M„nxZ wm×všÍ †gvZv‡eK PÆMÖvg ÷K G·‡PÄ wjwg‡UW Gi AšÍf©~³ 79 (DbAvwk)wU ÷K
†eªvKvi Gi ¶wZMÖ¯Í ¶z`ª wewb‡qvMKvix‡`i Dwjøw©LZ P~ov¯Í ZvwjKv Abyhvqx A_© gš¿Yvj‡qi e¨vsK
I Avw_©K cÖwZôvb wefv‡Mi Awdm ¯§viK bs- 53.014.031.02.00.002. 2012-72 ZvwiL
05 gvP© 2012 wLªóvã I ¯§viK bs- 53.014.031.02.00.002.2012-237 ZvwiL 03 RyjvB
2012 wLªóvã Gi wb‡`©kbv †gvZv‡eK wm×všÍmgyn ev¯Íevqb KiZt GZ`&msµvšÍ GKwU cwicvjb
cÖwZ‡e`b AvMvgx 14 AvM÷ 2012 Bs Zvwi‡Li g‡a¨ PÆMÖvg ÷K G·‡PÄ wjwg‡UW G `vwLj
Kivi Rb¨ The Securities and Exchange Ordinance, 1969 Gi 20A G cÖ`Ë
¶gZv e‡j (K) PÆMÖvg ÷K G·‡PÄ wjwg‡UW Gi AvIZvaxb mswkøó mKj ÷K-†eªvKvi‡K Ges
(L) D³ cwicvjb wbwðZ KiZt G msµvšÍ GKwU mgwš^Z cÖwZ‡e`b AvMvgx 30 AvM÷ 2012
Bs Gi g‡a¨ Kwgk‡b `vwLj Kivi Rb¨ PÆMÖvg ÷K G·‡PÄ wjwg‡UW‡K wb‡`©k cÖ`vb Kiv nÕj|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g

Aa¨vcK W. Gg. Lvqiæj †nv‡mb

†Pqvig¨vb|

932
bs- GmBwm/wmGgAviAviwmwW/2009-193/132
10 RyjvB 2012
wb‡`©kbv

†h‡nZz, cyuwRevRv‡ii ¶z`ª wewb‡qvMKvix‡`i ¯^v_© msi¶‡Y we‡kl ¯‥xg cÖYq‡bi j‡¶¨
MYcÖRvZš¿x evsjv‡`k miKv‡ii A_© gš¿Yvjq Gi e¨vsK I Avw_©K cÖwZôvb wefv‡Mi cÖÁvcb bs
53.014.031.00.00.085 .2005(7)-435 ZvwiL 27 b‡f¤^i 2011 wLªóvã (mshyw³-1) Gi
gva¨‡g 6 m`m¨ wewkó GKwU we‡kl ¯‥xg cÖYqb KwgwU MVb Kiv nq|

†h‡nZz, DwjøwLZ KwgwUi mycvwi‡ki Av‡jv‡K Ges mswkøó mKj gn‡ji mv‡_ Av‡jvPbv K‡i
cyuwRevRv‡ii w¯’wZkxjZv Avbqb I ¶z`ª wewb‡qvMKvix‡`i ¯^v_© i¶v‡_© MYcÖRvZš¿x evsjv‡`k
miKvi KwZcq wm×všÍ MÖnY K‡i‡Q hv A_©gš¿Yvj‡qi e¨vsK I Avw_©K cÖwZôvb wefv‡Mi Awdm
¯§viK bs- 53.014.031.02.00.002.2012-72 ZvwiL 05 gvP© 2012 wLªóvã I ¯§viK bs-
53.014.031.02.00.002.2012-237 ZvwiL 03 RyjvB 2012 wLªóvã (mshyw³-2, 3) G
AšÍf©y³ n‡q‡Q|

†h‡nZ,z GiB avivevwnKZvq KwgwU KZ…K © mKj gv‡P©›U e¨vsKvi/÷K-†eªvKvi/÷K-wWjvi mg~n‡K

¶wZMÖ¯’ ¶z`ª wewb‡qvMKvix‡`i Z_¨ msMÖn K‡i cÖ`Ë Z_¨ we‡kølY c~e©K we‡kl ¯‥x‡gi AvIZvq
¶wZMÖ¯’ ¶z`ª wewb‡qvMKvix‡`i P~ovšÍ ZvwjKv (wmwW mshy³) cÖ¯Z
‘ Kiv n‡q‡Q|

AZGe, †m‡nZz, cyuwRevRv‡ii w¯’wZkxjZv Avbqb, ¶z`ª wewb‡qvMKvix‡`i ¯^v_© i¶v‡_© miKvi
KZ…K© M„nxZ wm×všÍ †gvZv‡eK 28 (AvUvk)wU gv‡P©›U e¨vsK Gi ¶wZMÖ¯Í ¶z`ª wewb‡qvMKvix‡`i
DwjøwLZ P~ov¯Í ZvwjKv Abyhvqx A_©gš¿Yvj‡qi e¨vsK I Avw_©K cÖwZôvb wefv‡Mi Awdm ¯§viK
bs- 53.014.031.02.00.002.2012-72 ZvwiL 05 gvP© 2012 wLªóvã I ¯§viK bs-
53.014.031.02.00.002.2012-237 ZvwiL 03 RyjvB 2012 wLªóvã Gi wb‡`©kbv †gvZv‡eK
wm×všÍmgyn ev¯Íevqb KiZt GZ`&msµvšÍ GKwU cwicvjb cÖwZ‡e`b AvMvgx 14 AvM÷ 2012
Zvwi‡Li g‡a¨ wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi)
wewagvjv, 1996 Gi wewa 36 Zdwm‡j µwgK bs 14 G cÖ`Ë ¶gZve‡j mswkøó gv‡P©›U
e¨vsKmg~n ‡K wb‡`©k cÖ`vb Kiv nÕj Ges D³ cwicvjb wbwðZ KiZt G msµvšÍ GKwU mgwš^Z
cÖwZ‡e`b AvMvgx 30 AvM÷ 2012 ZvwiL Gi g‡a¨ Kwgk‡b `vwLj Kivi Rb¨ evsjv‡`k
gv‡P©›U e¨vsKvm© G‡mvwk‡qkb‡K wb‡`©k cÖ`vb Kiv nÕj|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g

Aa¨vcK W. Gg. Lvqiæj †nv‡mb

†Pqvig¨vb|

933
bs- GmBwm/wmGgAviAviwmwW/2009-193/134 06 †m‡Þ¤^i 2012

wb‡`©kbv

cyuwRevRv‡i ¶wZMÖ¯’ ¶z`ª wewb‡qvMKvix‡`i ¯^v_© msi¶‡Y cÖYxZ we‡kl ¯‥xg KwgwUi mycvwi‡ki
†cÖw¶‡Z MYcÖRvZš¿x evsjv‡`k miKv‡ii wm×všÍ ev¯Íevqb KiZ: cwicvjb cÖwZ‡e`b AvMvgx
30 †m‡Þ¤^i 2012 Zvwi‡Li g‡a¨ wba©vwiZ ÷K †eªvKvimg~n mswkøó ÷K G·‡P‡Ä I wba©vwiZ
gv‡P©›U e¨vsKvi mg~n evsjv‡`k gv‡P©›U e¨vsKvi G‡mvwk‡qk‡b `vwLj Kivi Rb¨ Ges ÷K
G·‡PÄ I evsjv‡`k gv‡P©›U e¨vsKvi G‡mvwm‡qkb Gi Rb¨ cÖ‡hvR¨ mgwš^Z cwicvjb cÖwZ‡e`b
AvMvgx 14 A‡±vei 2012 Zvwi‡Li g‡a¨ Kwgk‡b `vwLj Kivi Rb¨ mgq ewa©Z Kiv nÕj|

Bnv Kwgkb KZ…K

© B‡Zvc~‡e© RvwiK…Z wb‡`©kbv bs-GmBwm/wmGgAviAviwmwW/2009-193/130
ZvwiL: 10 RyjvB 2012, GmBwm/wmGgAviAviwmwW/2009-193/131 ZvwiL: 10 RyjvB 2012
Ges GmBwm/ wmGgAviAviwmwW/ 2009-193/132 ZvwiL: 10 RyjvB 2012 Gi avivevwnKZvq
Rvwi Kiv nÕj|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g

Aa¨vcK W. Gg Lvqiæj †nv‡mb

†Pqvig¨vb|

934
No. SEC/CMRRCD/2009-193/135 September 30, 2012

DIRECTIVE

Further to the Directive No. SEC/CMRRCD/2009-193/92 dated January

10, 2011 issued by the Securities and Exchange Commission, the members
of the stock exchanges may now extend maximum limit of credits
facilities to their approved clients in the following manner under the
Margin Rules, 1999, until further order:-
1) Upto 30/06/2013, existing margin ratio shall exist i.e. 1:2 (credit
facilities upto 2 (two) times of clients‟ margin/clients‟ deposit);
2) From 01/07/2013 to 31/12/2013, Credit facilities shall be on 1:1.5 basis
i.e. 1.5 times of clients‟ margin/clients‟ deposit;
3) From 01/01/2014 to 30/06/2014, Credit facilities shall be on 1:1 basis
i.e. equal of clients‟ margin/clients‟ deposit; and
4) From 01/07/2014, Credit facilities shall be on 1:0.5 basis i.e. 50% of
clients‟ margin/clients‟ deposit.

This shall have immediate effect.

By order of the Securities and Exchange Commissio

Prof. Dr. M. Khairul Hossain

Chairman.

935
bs GmBwm/wmGgAviAviwm/2009-193/136 ‡m‡Þ¤^i 30, 2012

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I

†cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 Gi wewa 36 †gvZv‡eK Zdwm‡j DwjøwLZ gvwR©b FY
cÖ`vb msµvšÍ wb‡`©kbv bs 6 (1) G cª`Ë ¶gZve‡j, cieZx© wb‡`©k bv †`Iqv ch©šÍ, GZØviv
gvwR©b FY Gi m‡e©v”P nvi/mxgv wb‡gv³fv‡e cybtwba©viY Kwijt
1| 30/06/2013Bs ZvwiL ch©šÍ eZ©gvb gvwR©b nvi A_©vr 1:2 (GK AbycvZ `yB A_©vr g‡°j
ev MÖvn‡Ki Znwe‡ji `yB ¸Y) envj _vwK‡e;
2| 01/07/2013Bs ZvwiL nB‡Z 31/12/2013Bs ZvwiL ch©šÍ 1:1.5 (GK AbycvZ †`o A_©vr
g‡°j ev MÖvn‡Ki Znwe‡ji †`o ¸Y);
3| 01/01/2014Bs ZvwiL nB‡Z 30/06/2014Bs ZvwiL ch©šÍ 1:1 (GK AbycvZ GK A_©vr
g‡°j ev MÖvn‡Ki Znwe‡ji mgvb); Ges
4| 01/07/2014Bs ZvwiL nB‡Z 1:0.5 (GK AbycvZ A‡a©K A_©vr g‡°j ev MÖvn‡Ki
Znwe‡ji A‡a©K)|
GB Av‡`k GZ`&msµvšÍ c~‡e© RvwiK…Z Kwgk‡bi Av‡`k bs GmBwm/wmGgAviAviwm/2009-
193/93 ZvwiL Rvbyqvwi 10, 2011Bs Gi avivevwnKZvq Rvwi Kiv nBj, hvnv Awej‡¤^ Kvh©Ki
nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g

Aa¨vcK W. Gg. Lvqiæj †nv‡mb

‡Pqvig¨vb|

936
bs-GmBwm/wmGgAviAviwm/2009-193/139 b‡f¤^i 28, 2012Bs

Av‡`k

wmwKDwiwUR I G·‡PÄ Kwgkb, wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I

†cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 Gi wewa 36 Gi Zdwm‡ji Aaxb gvwR©b FY cÖ`vb
msµvšÍ wb‡`©kbv bs 14 †Z cÖ`Ë ÿgZve‡j, gv‡P›U e¨vsKvi‡`i cÖwZ c~‡e© RvwiK…Z wb‡¤œv³ `dv
1 I 2 m¤^wjZ Av‡`k bs bs GmBwm/wmGgAviAviwm/2001-50/167 ZvwiL A‡±vei 01,
2009 GZØviv evwZj Kwijt-

Ò1| ÷K G·‡P‡Ä bZzb ZvwjKvfz³ †Kvb wmwKDwiwU µ‡qi Rb¨ Dnv ZvwjKvfzw³i ci cÖ_g
†UªwWs w`em nB‡Z wÎkZg †UªwWs w`em ch©šÍ †Kvb gvwR©b FY cÖ`vb Kiv hvB‡e bv;
2| ÷K G·‡P‡Ä ZvwjKvfz³ †Kvb wmwKDwiwUi K¨vUvMix‡Z cwieZ©‡bi †ÿ‡Î cwiewZ©Z
K¨vUvMix‡Z cÖ_g †UªwWs w`em nB‡Z wÎkZg †UªwWs w`em ch©šÍ D³ wmwKDwiwU µ‡qi Rb¨
†Kvb gvwR©b FY cÖ`vb Kiv hvB‡e bv|Ó|

GB Av‡`k Awej‡¤^ Kvh©Ki nB‡e|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi Av‡`kµ‡g,

Aa¨vcK W. Gg Lvqiæj †nv‡mb

†Pqvig¨vb|

937
No.SEC/CMRRCD/2009-193/140 November 28, 2012

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 repeals the following clause 2 of the directive No.
SEC/CMRRCD/2001-43/169 dated October 01, 2009:-

“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

Prof. Dr. M. Khairul Hossain

Chairman.

938
m~Ît-GmBwm/wmGgAviAviwmwW/2009-193/142 wW‡m¤^i 30, 2012

wb‡`©kbv

Non-Discretionary Portfolio Management-Gi †¶‡Î Agwbevm wnmve †_‡K

MÖvn‡Ki c„_K weI wnmve-G iæcvšÍi

(K) Bmy¨qvi †Kv¤úvbx Ges wgDPz¨qvj dvÛ

Securities and Exchange Ordinance, 1969 Gi 20A avivq cÖ`Ë ¶gZve‡j Kwgkb,
gv‡P©›U e¨vsKvi G iw¶Z Non-Discretionary wnmve cwiPvjbvi †¶‡Î Bmy¨qvi †Kv¤úvwb
A_ev wgDPz¨qvj dvÛ Gi Rb¨ wbgœewY©Z wb‡`©kbv Rvix Kij; hv AbwZwej‡¤^ Kvh©Ki n‡et

(1) Bmy¨qvi †Kv¤úvwb A_ev wgDPz¨qvj dvÛ jf¨vsk A_ev fMœvsk †evbvm Gi weµqjä
A_© cÖ`v‡bi †¶‡Î gvwR©b FY †kªYxfy³ weI wnmvemg~‡ni wWwf‡WÛ Gi UvKv GK‡Î
D³ weI wnmvemg~‡ni ZvwjKvmn GKwU †PK ev wWwf‡WÛ Iqv‡i›U Gi gva¨‡g Zv‡`i
wWwc‡K †cÖiY Ki‡e| D³ wWwc cieZx©‡Z ZvwjKv Abyhvqx Zv wewb‡qvMKvix‡`i
wnmv‡e e›Ub Ki‡e;

(2) †cvU©‡dvwjI g¨v‡bRv‡ii AbygwZ e¨wZZ Zvi †Kvb gvwR©b FY MÖvnK ivBU †kqvi
wibvbwm‡qU Ki‡Z cvi‡e bv| G e¨vcv‡i †cvU©‡dvwjI g¨v‡bRvi mswkøó Bmy¨qvi
†Kv¤úvwbi mv‡_ Av‡jvPbv K‡i cÖ‡qvRbxq e¨e¯’v MÖnY Ki‡e|

(L) gv‡P©›U e¨vsKvi

Securities and Exchange Ordinance, 1969 Gi 20A aviv Ges wmwKDwiwUR I
G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv, 1996 Gi 2K wewai
cÖ`Ë ¶gZve‡j Kwgkb, gv‡P©›U e¨vsKvi Non-Discretionary Portfolio
Management-Gi †¶‡Î, Zvi Agwbevm wnmve cwiPvjbvi †¶‡Î gv‡P©›U e¨vsKvi Gi
Rb¨ wbgœewY©Z wb‡`©k Rvix Kij; hv AbwZwej‡¤^ Kvh©Ki n‡et
(1) wmwKDwiwUR I G·‡PÄ Kwgkb (gv‡P©›U e¨vsKvi I †cvU©‡dvwjI g¨v‡bRvi) wewagvjv,
1996 Gi 30(4) I 30(6) Abyhvqx gv‡P©›U e¨vsKvimg~n‡K mKj Non-
Discretionary MÖvnK‡`i wnmve AvMvgx 28.02.2013 Gi g‡a¨ c„_K weI wnmve-G
¯’vbvšÍi m¤úbœ Ki‡Z n‡e;
(2) cÖ‡Z¨K gv‡P©›U e¨vsKvi Gi Rb¨ Zv‡`i wbR¯^ Kv÷wW wWwci gva¨‡g wewb‡qvMKvix‡`i
eva¨Zvg~jKfv‡e weI wnmve Lyj‡Z n‡e;

939
 (3) gv‡P©›U e¨vsKvi Gi wewb‡qvMKvix‡`i ¯^Zš¿ weI wnmve †Lvjvi †¶‡Î cÖv_wgKfv‡e cÖvß
Z_¨ AšÍfz©³ K‡i Ges AcÖvc¨ †¶Î mg~n (†hgbt gv‡qi bvg, †cv÷ †KvW, Rb¥ ZvwiL
BZ¨vw`) wKQz we‡kl Z_¨ Øviv (†hgbt „Not available‟, „0000‟,
„99/99/9999‟) c~iY Kivi gva¨‡g weI wnmve Lyj‡Z cvi‡e| Am¤ú~b© Z‡_¨i †¶‡Î
cieZ©x GK gv‡mi g‡a¨ m¤ú~b© Z_¨ weI (BO) wnmve di‡g mwbœ‡ewkZ Ki‡Z n‡e;
(4) †cvU©‡dvwjI g¨v‡bRv‡ii AbygwZ e¨wZZ Zvi †Kvb gvwR©b FY MÖvnK ivBU †kqvi
wibvbwm‡qU Ki‡Z cvi‡e bv| G e¨vcv‡i †cvU©‡dvwjI g¨v‡bRvi mswkøó Bmy¨qvi
†Kv¤úvwbi mv‡_ Av‡jvPbv K‡i cÖ‡qvRbxq e¨e¯’v MÖnY Ki‡e;

(5) gv‡P©›U e¨vsKvi Gi Non-Discretionary wnmve n‡Z ¯^Zš¿ weI wnmve G ¯’vbvšÍi
welqwU mKj wewb‡qvMKvix‡`i AeMwZi Rb¨ gv‡P©›U e¨vsKvimg~n cwÎKvq weÁwß
cÖ`vb Ki‡e|

(M) †m›Uªvj wW‡cvwRUwi evsjv‡`k wjwg‡UW (wmwWweGj)

Securities and Exchange Ordinance, 1969 Gi 20A aviv Ges wWcwRUwi

AvBb, 1999 Gi 14(1) avivi cÖ`Ë ¶gZve‡j Kwgkb, gv‡P©›U e¨vsKvi G iw¶Z Non-
Discretionary wnmve cwiPvjbvi †¶‡Î wmwWweGj Gi Rb¨ wbgœewY©Z wb‡`©k Rvix Kij;
hv AbwZwej‡¤^ Kvh©Ki n‡et
(1) Non-Discretionary wnmv‡ei MÖvnK‡`i wmwKDwiwURmg~n webv wd‡Z wb¤§ewY©Z
fv‡e c„_K weI wnmv‡e ¯’vbvšÍ‡ii Rb¨ wmwWweGj cÖ‡qvRbxq e¨e¯’v MÖnY Ki‡e t

K. we`¨gvb Non-Discretionary wnmve n‡Z „Cut off‟ Zvwi‡L cÖ_gev‡ii gZ

wewb‡qvMKvix‡`i ¯^Zš¿ weI wnmv‡e †kqvi UªvÝdvi;

L. „Cut off‟ Zvwi‡Li c~‡e© µqK…Z †kqvi, †evbvm †kqvi Ges ivBU †kqvimg~‡ni
†¶‡Î g¨vwPDiW ZvwiL I e›Ub ZvwiL hw` „Cut off‟ Zvwi‡Li ci nq, Z‡e
†m‡¶‡Î †kqvi mg~‡ni UªvÝdvi|

wmwKDwiwUR I G·‡PÄ Kwgk‡bi c‡¶

Aa¨vcK W. Gg. Lvqiæj †nv‡mb

†Pqvig¨vb

940
GmBwm/wmGgAviAviwmwW/2009-193/144
ZvwiLt †deªæqvwi 27, 2013

wb‡`©kbv

÷K †eªvKvi/÷K wWjvi I gv‡P©›U e¨vsKvi KZ…K

© Abv`vqK…Z ¶wZi (Unrealized Loss)
wecix‡Z iw¶Ze¨ cÖwfkb (Provision) msi¶Y msµvšÍ wb‡`©kbv

(1) ÷K †eªvKvi/÷K wWjvi t

Securities and Exchange Ordinance, 1969 Gi Section 20A cÖ`Ë ¶gZv e‡j
Kwgkb, ÷K †eªvKvi/÷K wWjvi mg~‡ni Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z
iw¶Ze¨ cÖwfkb (Provision) msi¶‡Yi wb‡gœv³ myweav cÖ`vb Kiv Kij:
K) ÷K wWjvi‡`i wWjvi wnmv‡e (Dealer Account) aviYK…Z †kqv‡ii 31†k
wW‡m¤^i 2012 Bs ZvwiL wfwËK (A_ev cÖ‡hvR¨ Avw_©K ermi Abyhvqx)
cybtg~j¨vqbRwbZ Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z iw¶Ze¨
cÖwfkb (Provision) wW‡m¤^i 2012 Bs n‡Z wW‡m¤^i 2013 Bs ch©šÍ (A_ev
cÖ‡hvR¨ Avw_©K ermi Abyhvqx) 5wU •ÎgvwmK mgvb As‡k (20%) msi¶‡Yi
Hw”QK myweav cÖ`vb Kiv nÕj; Ges
L) ÷K †eªvKvi KZ…©K MÖvnK‡`i AbyK~‡j e›UbK…Z gvwR©b F‡bi gva¨‡g µqK…Z
†kqv‡ii 31†k wW‡m¤^i 2012 Bs ZvwiL wfwËK (A_ev cÖ‡hvR¨ Avw_©K ermi
Abyhvqx) cybtg~j¨vqbRwbZ Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z
iw¶Ze¨ cÖwfkb (Provision) wW‡m¤^i 2012 Bs n‡Z wW‡m¤^i 2013 Bs ch©šÍ
(A_ev cÖ‡hvR¨ Avw_©K ermi Abyhvqx) 5wU •ÎgvwmK mgvb As‡k (20%)
msi¶‡Yi Hw”QK myweav cÖ`vb Kiv nÕj|

Z‡e GB mKj myweav †KejgvÎ 31 †k wW‡m¤^i 2012 Bs Zvwi‡L mgvß erm‡i (A_ev cÖ‡hvR¨
Avw_©K ermi Abyhvqx) D™¢yZ cybtg~j¨vqbRwbZ ¶wZi (Abv`vqK…Z) cÖwfk‡bi Rb¨ cÖ‡hvR¨
n‡e| ZrcieZx© mg‡q iw¶Ze¨ cÖwfkb (hw` _v‡K) h_vwbq‡g msi¶Y Ki‡Z n‡e| D‡jøL¨ †h,
Dc‡iv³ my‡hvMmg~n MÖnY Kivi d‡j D³ Avw_©K erm‡ii Rb¨ †Kvb ai‡bi bM` jf¨vsk
(cash dividend) cÖ`vb Kiv hv‡e bv|

(2) gv‡P©›U e¨vsKvit

Securities and Exchange Ordinance, 1969 Gi Section 20A cÖ`Ë ¶gZv e‡j
Kwgkb, gv‡P©›U e¨vsKvi mg~‡ni Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z iw¶Ze¨
cÖwfkb (Provision) msi¶‡Yi wb‡gœv³ myweav cÖ`vb Kiv Kij:

941
 K) gv‡P©›U e¨vsK mg~n (hvi Rb¨ cÖ‡hvR¨) wbR¯^ †cvU©‡dvwjI‡Z (Own Portfolio)
aviYK…Z †kqv‡ii 31 wW‡m¤^i 2012 ZvwiL wfwËK (A_ev cÖ‡hvR¨ Avw_©K ermi
Abyhvqx) cybtg~j¨vqbRwbZ Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z
iw¶Ze¨ cÖwfkb (Provision) wW‡m¤^i 2012 n‡Z wW‡m¤^i 2013 ch©šÍ (A_ev
cÖ‡hvR¨ Avw_©K ermi Abyhvqx) 5wU •ÎgvwmK mgvb As‡k (20%) msi¶‡Yi
Hw”QK myweav cÖ`vb|

L) gv‡P©›U e¨vsK KZ…©K MÖvnK‡`i AbyK~‡j e›UbK…Z gvwR©b F‡bi gva¨‡g µqK…Z
†kqv‡ii 31†k wW‡m¤^i 2012 Bs ZvwiL wfwËK (A_ev cÖ‡hvR¨ Avw_©K ermi
Abyhvqx) cybtg~j¨vqbRwbZ Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z
iw¶Ze¨ cÖwfkb (Provision) wW‡m¤^i 2012 Bs n‡Z wW‡m¤^i 2013 Bs ch©šÍ
(A_ev cÖ‡hvR¨ Avw_©K ermi Abyhvqx) 5wU •ÎgvwmK mgvb As‡k (20%)
msi¶‡Yi Hw”QK myweav cÖ`vb|

Z‡e GB mKj myweav †KejgvÎ 31 †k wW‡m¤^i 2012 Bs Zvwi‡L mgvß erm‡i (A_ev cÖ‡hvR¨
Avw_©K ermi Abyhvqx) D™¢yZ cybtg~j¨vqbRwbZ ¶wZi (Abv`vqK…Z) cÖwfk‡bi Rb¨ cÖ‡hvR¨
n‡e| ZrcieZx© mg‡q iw¶Ze¨ cÖwfkb (hw` _v‡K) h_vwbq‡g msi¶Y Ki‡Z n‡e| D‡jøL¨ †h,
Dc‡iv³ my‡hvMmg~n MÖnY Kivi d‡j D³ Avw_©K erm‡ii Rb¨ †Kvb ai‡bi bM` jf¨vsk
(cash dividend) cÖ`vb Kiv hv‡e bv|

evsjv‡`k wmwKDwiwUR A¨vÛ G·‡PÄ Kwgk‡bi c‡¶,

Aa¨vcK W. Gg. Lvqiæj †nv‡mb

†Pqvig¨vb

942
No. SEC/CMRRCD/2009-193/145 April 10, 2013

ORDER

Bangladesh Securities and Exchange Commission in exercise of the power

conferred by section 20A of the Securities and Exchange Ordinance, 1969
(Ordinance No. XVII of 1969), in the interest of investors and securities
market, hereby suspends the effectiveness of rule 3(5) of the Margin
Rules, 1999 till September 30, 2013.

This shall have immediate effect.

By order of the Bangladesh Securities and Exchange Commission

Prof. Dr. M. Khairul Hossain

Chairman.

943
No. SEC/SRMIC/2011/1241/600 Dated: June 06, 2013

DIRECTIVE

In exercise of the power conferred by aviv 24 of the G·‡PÄ wWwgDPz¨qvjvB‡Rkb

AvBb, 2013 (2013 m‡bi 15 bs AvBb) Bangladesh Securities and Exchange
Commission (hereinafter referred as the Commission) hereby directs the
Dhaka Stock Exchange Ltd. (DSE) and the Chittagong Stock Exchange
Ltd. (CSE) that-

The Stock Exchange shall not purchase/sale/transfer of any fixed assets of

DSE and CSE before completion of demutualization. In case of any
emergency, prior approval of the Commission will be needed for such
activities.

This shall have immediate effect.

By order of the Bangladesh Securities and Exchange Commission

Prof. Dr. M. Khairul Hossain

Chairman.

944
No. SEC/CMRRCD/2009-193/146 Dated: July 21, 2013

DIRECTIVE

Bangladesh Securities and Exchange Commission hereby repeals its

Directive No. SEC/CMRRCD/2009
-193/21 dated February 14, 2010.

This shall have immediate effect.

By order of the Bangladesh Securities and Exchange Commission

Prof. Dr. M. Khairul Hossain

Chairman.

Distribution:
1. Dhaka Stock Exchange Ltd.
2. Chittagong Stock Exchange Ltd.

945
No. SEC/CMRRCD/2009-193/152
Dated: September 26, 2013

ORDER

Further to Order No. SEC/CMRRCD/2009-193/145, dated April 10, 2013,

Bangladesh Securities and Exchange Commission in exercise of power
conferred by section 20A of the Securities and Exchange Ordinance, 1969
(Ordinance No. XVII of 1969), in the interest of investors and securities
market, hereby extends the suspension period of effectiveness of rule 3(5)
of the Margin Rules, 1999 from 1st October 2013 to March 31, 2014.

By order of the Bangladesh Securities and Exchange Commission

Prof. Dr. M. Khairul Hossain

Chairman.

946
No. SEC/CMRRCD/2009-193/153
Dated: October 10, 2013

DIRECTIVE

Bangladesh Securities and Exchange Commission (BSEC), in exercise of

the power conferred on it under section 20A of the Securities and
Exchange Ordinance, 1969 (Ordinance No. XVII of 1969), and wewa 81 of
wmwKDwiwUR I G·‡PÄ Kwgkb (wgDPz¨qvj dvÛ) wewagvjv, 2001 hereby directs the
Sponsors, Assets Management Companies, Trustees, Custodian and
Selling Agent of Mutual fund and also Stock Exchange(s), Central
Depository Bangladesh Limited (CDBL) to comply with the following
Guidelines in respect of Conversion of close-end mutual fund to open-end
mutual fund:
1. Any conversion of Mutual Fund schemes shall be treated as a change
in the fundamental attributes of the related scheme and Mutual Fund
shall be required to comply with the Mutual Funds Rules in this
regard.
2. The proposal and modalities of the conversion shall be approved by
the Board of the Asset Management Company (AMC) and Trustee,
after they ensure that the interest of unit holders under all the
concerned schemes have been protected in the said proposal. The
decision of the Trustee shall be treated as Price Sensitive
Information and must be at least ninety (90) days before the trade
suspension. The price Sensitive information shall contain the date of
trade suspension and the Effective date.
3. The fund shall be de-listed on the “Effective Date”. Effective Date
means immediate next working day of the trade suspension date
when the Trustee of the Fund shall take control over the Fund as per
Clause 5 of this Guideline.

947
4. AMC shall publish Notice of conversion proposal in at least two
national dailies and also to the website of exchanges (for at least two
times at 3 days interval for exchange only) including the date of Unit
holders meeting and date of trade suspension. Notice of above
Conversion proposal must be circulated at least thirty (30) days
before the Effective Date.
5. Control and Management of all property, assets and liabilities along
with allied balances of the Fund shall be transferred to the trustee of
the Fund on the Effective Date. The Trustee of the Fund shall not
change any status of the Fund upto the conversion date.
6. AMC shall publish a general notice to settle claim on the Fund (if
any) with a stipulated time frame before trade suspension.
7. No later than ten (10) days of the effective date, the unit holders
meeting shall be conducted.
8. Not later than four (4) days from the date of meeting of the Unit
certificates holders, the Closed End Fund shall make an application
to the Commission for conversion accompanied with a copy of the
special resolution and also the documents in favour of the
conversion.
9. A draft of the communication format to unit holders at their meeting
shall be submitted to BSEC before five (5) days of the unit holders
meeting which shall include the following as minimum:
(i) The latest portfolio of the scheme (NAV at cost price and
Market Price)
(ii) Details segment wise break-up of the portfolio of the Fund
(Like in the Capital market portfolio includes Listed
securities, OTC securities, Debt instruments and others)
(iii) Details of the estimated cost required to be charge on the
fund either at conversion or at liquidation and cost bearer

948
 (iv) Details of previous five years financial performance of the
scheme
(v) Details of the Conversion Process
(vi) Selection of Trustee, AMC and Custodian of the Open End
Fund
(vii) Nature of the Unit Fund, unit sale and repurchase process
(viii) Unit Issue process under Conversion
(ix) Any Others

10. If conversion proposal is approved in the unit holders meeting,

conversion cost related to holding of the meeting shall be borne by
the newly selected AMC. If the conversion proposal is not approved
in the unit holders meeting, the cost related to holding of the meeting
shall be borne by the existing AMC of the fund.
11. Immediately after control over the Trust Property as per Clause 6 of
this Guideline, the Trustee of the Fund shall start the process to
select auditor(s) (other than the existing auditors of the Fund,
Trustee, Custodian and AMC) and took approval at the Unit holders
Meeting. The Auditor(s) so appointed shall be responsible for Audit
of the accounts of the fund and valuation of the fund. In the Audit
Report, the Auditor shall give opinion along with other aspects, the
accuracy of the documents and financial statements. The report of
the Auditor(s) shall be submitted to the commission within 20 days
of appointment of Auditor (s).

12. Since the scheme would re-open for fresh subscriptions, the
disclosures contained in the existing offer document of the scheme
shall be revised and updated. A copy of the draft Prospectus and
other legal documents including draft Trust Deed, Investment

949
 Management Agreement shall be filed with BSEC in line with Rules
within 10 days of unit holders meeting.
13. AMC shall prepare and submit all the legal documents related to
formation of the fund in line with the Rules.
14. BSEC would communicate its observations, if any, within the time
period prescribed under the Rules. The offer document shall be
issued only after the final observations communicated by BSEC have
been incorporated and final copies of the same have been filed with
BSEC within seven (7) days of approval.

15. For conversion, the legal requirement of Sponsor of the Fund is

exempted; however, the existing unit holders will be treated as Initial
Subscribers to the Fund.
16. Commission shall approve the conversion scheme after submission
of the valuation report and Audit report of the scheme & other
documents.
17. All the above documents (financial statements and valuation report)
shall properly be disclosed at least two national dailies, and to the
website of the Exchanges where the Fund was listed within three (3)
days upon receipt of this approval.
18. The Trustee shall hand over the Trust Property of the earlier fund to
the AMC of the converted fund within three (3) days after receiving
the final approval of the Commission.
19. The AMC of the new fund shall issue letter of entitlement within 07
(seven) working days of conversion approval and issue Unit
Certificate to the Unit Holders as per wmwKDwiwUR I G·‡PÄ Kwgkb
(wgDPz¨qvj dvÛ) wewagvjv, 2001.
20. The complete conversion process shall not take more than sixty (60)
days of the effective date.

950
21. The starting date of open-end fund shall be the next day after the
Maturity date of the close-end fund.

Commission reserves the right to extend the time frame or clarify any
issue regarding this Guideline, if required.

This shall have immediate effect.

By order of the Bangladesh Securities and Exchange Commission

Prof. Dr. M. Khairul Hossain

Chairman.

N.B. This Directive has no effect. It has been superseded by the Directive
No. SEC/CMRRCD/ 2009-193/175/Admin/62 dated: July 08, 2015.

951
GmBwm/wmGgAviAviwmwW/2009-193/154 ZvwiL: A‡±vei 24, 2013

mvK©yjvi

welq: ZvwjKvfy³ †Kv¤úvwbi GwRGg cÖm‡½|

Kwgkb m¤cÖwZ j¶¨ Ki‡Q †h, ZvwjKvfy³ †Kv¤úvwbi GwRGg PjvKvjxb mg‡q I cieZ©x‡Z
Avc¨vq‡bi mgq cÖvqkt Abwf‡cÖZ n‡Æv‡Mvj n‡q _v‡K hv k„•Ljvi cwicš’x| d‡j GwRGg Gi
g~j Kvh©µg A_©vr ZvwjKvfy³ †Kv¤úvwbi GwRGg-G Av‡jvP¨m~Pxi Dci Av‡jvPbv I Aby‡gv`b
cÖwµqv evavMÖ¯’ nq|

GgZve¯’vq, ZvwjKvfy³ †Kv¤úvwbi GwRGg myôfv‡e Abyôv‡bi j‡¶¨ evsjv‡`k wmwKDwiwUR

A¨vÛ G·‡PÄ Kwgkb KZ…K © †bvwUwd‡Kkb bs SEC/SRMI/2000-953/1950 dated 24th
October 2000 G ewY©Z “(c) no benefit in cash or kind, other than in the form
of cash dividend or stock dividend, shall be paid to the holders of equity
securities.” cwicvjb wbwðZ Kivi Rb¨ cybivq wb‡`©k cÖ`vb Kij|

evsjv‡`k wmwKDwiwUR A¨vÛ G·‡PÄ Kwgk‡bi c‡¶,

iæKmvbv †P․ayix
wbe©vnx cwiPvjK

952
GmBwm/wmGgAviAviwmwW/2009-193/155
ZvwiLt wW‡m¤^i 09, 2013

wb‡`©kbv
÷K †eªvKvi/÷K wWjvi I gv‡P©›U e¨vsKv‡ii wbR¯^ I g‡°‡ji †cvU©‡dvwjI‡Z
cybtg~j¨vqbRwbZ Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z iw¶Ze¨ cÖwfkb
(Provision) msi¶Y msµvšÍ wb‡`©kbv

(1) ÷K †eªvKvi/÷K wWjvi t

Securities and Exchange Ordinance, 1969 Gi Section 20A cÖ`Ë ¶gZv e‡j
Kwgkb, ÷K †eªvKvi/÷K wWjvi mg~‡ni Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z
iw¶Ze¨ cÖwfkb (Provision) msi¶‡Yi wb‡gœv³ myweav cÖ`vb Kij:
K) ÷K wWjvi‡`i, wWjvi wnmv‡e (Dealer Account) aviYK…Z †kqv‡ii 31†k
wW‡m¤^i 2013 Bs ZvwiL wfwËK (A_ev cÖ‡hvR¨ Avw_©K ermi Abyhvqx)
cybtg~j¨vqbRwbZ Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z iw¶Ze¨
cÖwfkb (Provision) wW‡m¤^i 2013 Bs n‡Z wW‡m¤^i 2014 Bs ch©šÍ (A_ev
cÖ‡hvR¨ Avw_©K ermi Abyhvqx) 5wU •ÎgvwmK mgvb As‡k (20%) msi¶‡Yi
Hw”QK myweav cÖ`vb Kiv nÕj; Ges
L) ÷K †eªvKvi KZ…©K MÖvnK‡`i AbyK~‡j e›UbK…Z gvwR©b F‡bi gva¨‡g µqK…Z
†kqv‡ii 31†k wW‡m¤^i 2013 Bs ZvwiL wfwËK (A_ev cÖ‡hvR¨ Avw_©K ermi
Abyhvqx) cybtg~j¨vqbRwbZ Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z
iw¶Ze¨ cÖwfkb (Provision) wW‡m¤^i 2013 Bs n‡Z wW‡m¤^i 2014 Bs ch©šÍ
(A_ev cÖ‡hvR¨ Avw_©K ermi Abyhvqx) 5wU •ÎgvwmK mgvb As‡k (20%)
msi¶‡Yi Hw”QK myweav cÖ`vb Kiv nÕj|

Z‡e GB mKj myweav †KejgvÎ 31 †k wW‡m¤^i 2013 Bs Zvwi‡L mgvß erm‡i (A_ev cÖ‡hvR¨
Avw_©K ermi Abyhvqx) D™¢yZ cybtg~j¨vqbRwbZ ¶wZi (Abv`vqK…Z) cÖwfk‡bi Rb¨ cÖ‡hvR¨
n‡e| GKBmv‡_ 2013 mv‡ji g~j¨n«vmRwbZ ¶wZI Gi g‡a¨ AšÍfy³ © n‡e| ZrcieZx© mg‡q
iw¶Ze¨ cÖwfkb (hw` _v‡K) h_vwbq‡g msi¶Y Ki‡Z n‡e| D‡jøL¨ †h, Dc‡iv³ my‡hvMmg~n
MÖnY Kivi d‡j D³ Avw_©K erm‡ii Rb¨ †Kvb ai‡bi bM` jf¨vsk (cash dividend) cÖ`vb
Kiv hv‡e bv|

953
(2) gv‡P©›U e¨vsKvit

Securities and Exchange Ordinance, 1969 Gi Section 20A cÖ`Ë ¶gZv e‡j
Kwgkb, gv‡P©›U e¨vsKvi mg~‡ni Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z iw¶Ze¨
cÖwfkb (Provision) msi¶‡Yi wb‡gœv³ myweav cÖ`vb Kij:
K) gv‡P©›U e¨vsKvi mg~n (hvi Rb¨ cÖ‡hvR¨) wbR¯^ †cvU©‡dvwjI‡Z (Own
Portfolio) aviYK…Z †kqv‡ii 31 wW‡m¤^i 2013Bs ZvwiL wfwËK (A_ev cÖ‡hvR¨
Avw_©K ermi Abyhvqx) cybtg~j¨vqbRwbZ Abv`vqK…Z ¶wZi (Unrealized
Loss) wecix‡Z iw¶Ze¨ cÖwfkb (Provision) wW‡m¤^i 2013Bs n‡Z wW‡m¤^i
2014Bs ch©šÍ (A_ev cÖ‡hvR¨ Avw_©K ermi Abyhvqx) 5wU •ÎgvwmK mgvb As‡k
(20%) msi¶‡Yi Hw”QK myweav cÖ`vb Kiv nÕj; Ges

L) gv‡P©›U e¨vsKvi KZ…K© MÖvnK‡`i AbyK~‡j e›UbK…Z gvwR©b F‡bi gva¨‡g µqK…Z
†kqv‡ii 31†k wW‡m¤^i 2013 Bs ZvwiL wfwËK (A_ev cÖ‡hvR¨ Avw_©K ermi
Abyhvqx) cybtg~j¨vqbRwbZ Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z
iw¶Ze¨ cÖwfkb (Provision) wW‡m¤^i 2013 Bs n‡Z wW‡m¤^i 2014 Bs
ch©š¯Í (A_ev cÖ‡hvR¨ Avw_©K ermi Abyhvqx) 5wU •ÎgvwmK mgvb As‡k (20%)
msi¶‡Yi Hw”QK myweav cÖ`vb Kiv nÕj|

Z‡e GB mKj myweav †KejgvÎ 31 †k wW‡m¤^i 2013 Bs Zvwi‡L mgvß erm‡i (A_ev cÖ‡hvR¨
Avw_©K ermi Abyhvqx) D™¢yZ cybtg~j¨vqbRwbZ ¶wZi (Abv`vqK…Z) cÖwfk‡bi Rb¨ cÖ‡hvR¨
n‡e| GKBmv‡_ 2013 mv‡ji g~j¨n«vmRwbZ ¶wZI Gi g‡a¨ AšÍfy³ © n‡e| ZrcieZx© mg‡q
iw¶Ze¨ cÖwfkb (hw` _v‡K) h_vwbq‡g msi¶Y Ki‡Z n‡e| D‡jøL¨ †h, Dc‡iv³ my‡hvMmg~n
MÖnY Kivi d‡j D³ Avw_©K erm‡ii Rb¨ †Kvb ai‡bi bM` jf¨vsk (cash dividend) cÖ`vb
Kiv hv‡e bv|

evsjv‡`k wmwKDwiwUR A¨vÛ G·‡PÄ Kwgk‡bi Av‡`kµ‡g,

Aa¨vcK W. Gg. Lvqiæj †nv‡mb

†Pqvig¨vb

954
No. SEC/CMRRCD/2009-193/157
Dated: March 31, 2014

ORDER

Further to Order No. SEC/CMRRCD/2009-193/152, dated September 26,

2013, Bangladesh Securities and Exchange Commission in exercise of
power conferred by section 20A of the Securities and Exchange
Ordinance, 1969 (Ordinance No. XVII of 1969), in the interest of
investors and securities market, hereby extends the suspension period of
effectiveness of rule 3(5) of the Margin Rules, 1999 from 1st April 2014
to 30th September 2014.

By order of the Bangladesh Securities and Exchange Commission

Prof. Dr. M. Khairul Hossain

Chairman.

955
 bs-GmBwm/wmGgAviAviwmwW/2009-193/160
ZvwiL: 28 †g 2014

wb‡`©kbv

wgDPz¨qvj dv‡Ûi m¤ú` e¨e¯’vc‡Ki e¨e¯’vcbv wd msµvšÍ wb‡`©kbv

evsjv‡`k wmwKDwiwUR A¨vÛ G·‡PÄ Kwgkb, Securities and Exchange Ordinance,

1969 (XVII of 1969) Gi Section 20A, wmwKDwiwUR I G·‡PÄ Kwgkb (wgDPz¨qvj
dvÛ) wewagvjv, 2001 Gi wewa 81 mn cwVZ, cÖ`Ë ¶gZve‡j wgDPz¨qvj dv‡Ûi m¤ú`
e¨e¯’vc‡Ki ¯‥xg MV‡bi c~e© mgqKv‡ji e¨e¯’vcbv wd Av`vq msµvšÍ wb‡gœv³ wb‡`©kbv Rvwi
Kwij, h_vt-

1| (K) †hB mg¯Í m¤ú` e¨e¯’vcK B‡Zvg‡a¨ ¯‥xg MVb Kwiqv‡Q wKš‘ wmwKDwiwUR I G·‡PÄ
Kwgkb (wgDPz¨qvj dvÛ) wewagvjv, 2001 Gi wewa 63 Abyhvqx ¯‥x‡gi cÖ_g wnmve
erm‡ii wbix¶v cÖwZ‡e`b m¤úbœ K‡i bvB †mB mg¯Í ¯‥x‡gi Aaxb msM„nxZ A‡_©i
(collected fund size) Dci m¤ú` e¨e¯’vcK dvÛ wbeÜb nB‡Z ¯‥xg MVb ch©šÍ
mgqKv‡ji Rb¨ (Pre-scheme formation period/Pre-trade period)
Dc‡iv³ wewagvjvi wewa 65 Gi Dc-wewa (2) Gi `dv (K) nB‡Z (N) ch©šÍ ewY©Z
avc Ges nvi Abyhvqx e¨e¯’vcbv wd Av`vq Kwi‡Z cvwi‡e| Z‡e Dc‡iv³ wewagvjvi
wewa 2 Gi Dc-wewa (1) Gi `dv (aaa) Abyhvqx MwVZ †¯úkvj cvc©vm dvÛ
(Special Purpose Fund) Gi †¶‡Î wewa 65 Gi Dc-wewa (2) Gi `dv (O) †Z
DwjøwLZ nvi Abyhvqx e¨e¯’vcbv wd Av`vq Kwi‡Z cvwi‡e;

(L) †hB mKj dv‡Ûi cÖm‡c±vm GLb ch©šÍ Aby‡gvw`Z nq bvB †mB mKj dv‡Ûi m¤ú`
e¨e¯’vcKMY dv‡Ûi Aaxb msM„nxZ A‡_©i (collected fund size) Dci dvÛ
wbe܇bi ZvwiL nB‡Z ¯‥xg MVb ch©šÍ mgqKv‡ji Rb¨ (Pre-scheme formation
period/Pre-trade period) wewagvjvi wewa 65 Gi Dc-wewa (2) Gi `dv (K)
nB‡Z (N) ch©šÍ ewY©Z avc Ges nvi Abyhvqx e¨e¯’vcbv wd Av`vq Kwi‡Z cvwi‡e|
Z‡e Dc‡iv³ wewagvjvi wewa 2 Gi Dc-wewa (1) Gi `dv (aaa) Abyhvqx MwVZ

956
 †¯úkvj cvc©vm dvÛ (Special Purpose Fund) Gi †¶‡Î wewa 65 Gi Dc-wewa
(2) Gi `dv (O) †Z DwjøwLZ nvi Abyhvqx e¨e¯’vcbv wd Av`vq Kwi‡Z cvwi‡e;

(M) †hB mg¯Í m¤ú` e¨e¯’vcK dvÛ wbeÜb Kwiqv‡Q Ges Kwgk‡bi Aby‡gv`b mv‡c‡¶
B‡Zvg‡a¨ D‡`¨v³vi (Sponsor) Ask wewb‡qvM Kwiqv‡Q wKš‘ wewagvjv Abyhvqx ¯‥xg
MVb Kwi‡Z cv‡i bvB †mB mKj m¤ú` e¨e¯’vcK dvÛ wbeÜb nB‡Z ¯‥xg Aejywß
(Winding up) ch©šÍ mgqKv‡j wewb‡qvMK…Z A‡_©i Eci AwR©Z Avq nB‡Z DwjøwLZ
wewagvjvi wewa 65 Gi Dc-wewa (2) Gi `dv (K) nB‡Z (N) ch©šÍ ewY©Z avc Ges
nvi Abyhvqx e¨e¯’vcbv wd Av`vq Kwi‡Z cvwi‡e| Z‡e fwel¨‡Z ¯‥xg MV‡bi c~‡e©
D‡`¨v³vi (Sponsor) Ask wewb‡qv‡Mi Avi †Kvb Av‡e`b we‡ePbv Kiv nB‡e bv|

(N) ¯‥xg MV‡bi c~e© mgqKvj (Pre-scheme formation period/Pre-trade

period) ewj‡Z dvÛ wbeÜb nB‡Z ¯‥xg MVb ch©šÍ mgqKvj‡K eySvB‡e|

2| GQvovI, wmwKDwiwUR I G·‡PÄ Kwgkb (wgDPz¨qvj dvÛ) wewagvjv, 2001 Gi wewa 08

†gvZv‡eK †Kvb wgDP¨yqvj dvÛ wbewÜZ nBevi ci MYcÖ¯vÍ ‡ei (public offering) wbwg‡Ë
Lmov cÖm‡c±vm Kwgk‡b `vwL‡ji mgqmxgv Kwgkb †h․w³K g‡b Kwi‡j AbwaK 3(wZb)
gv‡mi Rb¨ m‡e©v”P GKevi ewa©Z Kwi‡Z cvwi‡e|

evsjv‡`k wmwKDwiwUR A¨vÛ G·‡PÄ Kwgk‡bi Av‡`kµ‡g,

Aa¨vcK W. Gg. Lvqiæj †nv‡mb

†Pqvig¨vb

957
No. SEC/CMRRCD/2009-193/162 September 30, 2014

ORDER

Further to Order No. SEC/CMRRCD/2009-193/157, dated March 31,

2014, Bangladesh Securities and Exchange Commission in exercise of
power conferred by section 20A of the Securities and Exchange
Ordinance, 1969 (Ordinance No. XVII of 1969), in the interest of
investors and securities market, hereby extends the suspension period of
effectiveness of rule 3(5) of the Margin Rules, 1999 from October 01,
2014 to December 31, 2014.

By order of the Bangladesh Securities and Exchange Commission

Professor Md. Helal Uddin Nizami

Chairman (In-charge)

958
No. SEC/CMRRCD/2009-193/165 January 06, 2015

ORDER

Further to Order No. SEC/CMRRCD/2009-193/162 dated September 30,

2014, Bangladesh Securities and Exchange Commission in exercise of
power conferred by section 20A of the Securities and Exchange
Ordinance, 1969 (Ordinance No. XVII of 1969), in the interest of
investors and securities market, hereby extends the suspension period of
effectiveness of rule 3(5) of the Margin Rules, 1999 till June 30, 2015.

By order of the Bangladesh Securities and Exchange Commission

Prof. Dr. M. Khairul Hossain

Chairman.

959
bs-GmBwm/wmGgAviAviwmwW/2009-193/166 ZvwiLt 12 Rvbyqvwi 2015Bs

wb‡`©kbv

÷K †eªvKvi/÷K wWjvi I gv‡P©›U e¨vsKv‡ii wbR¯^ I g‡°‡ji †cvU©‡dvwjI‡Z

cybtg~j¨vqbRwbZ Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z iw¶Ze¨ cÖwfkb
(Provision) msi¶Y msµvšÍ wb‡`©kbv

(1) ÷K †eªvKvi/÷K wWjvi t

Securities and Exchange Ordinance, 1969 Gi Section 20A-G cÖ`Ë ¶gZv e‡j
Kwgkb, ÷K †eªvKvi/÷K wWjvi mg~‡ni Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z
iw¶Ze¨ cÖwfkb (Provision) msi¶‡Yi wb‡gœv³ myweav cÖ`vb Kwij:
K) ÷K wWjvi‡`i, wWjvi wnmv‡e (Dealer Account) aviYK…Z †kqv‡ii 31
wW‡m¤^i 2014Bs ZvwiL wfwËK (A_ev cÖ‡hvR¨ Avw_©K ermi Abyhvqx)
cybtg~j¨vqbRwbZ Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z iw¶Ze¨
cÖwfkb (Provision) wW‡m¤^i 2014Bs nB‡Z wW‡m¤^i 2015Bs ch©šÍ (A_ev
cÖ‡hvR¨ Avw_©K ermi Abyhvqx) 5wU •ÎgvwmK mgvb As‡k (20%) msi¶‡Yi
Hw”QK myweav cÖ`vb Kiv nBj; Ges

L) ÷K †eªvKvi KZ…©K MÖvnK‡`i AbyK~‡j e›UbK…Z gvwR©b F‡Yi gva¨‡g µqK…Z

†kqv‡ii 31 wW‡m¤^i 2014Bs ZvwiL wfwËK (A_ev cÖ‡hvR¨ Avw_©K ermi
Abyhvqx) cybtg~j¨vqbRwbZ Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z
iw¶Ze¨ cÖwfkb (Provision) wW‡m¤^i 2014Bs nB‡Z wW‡m¤^i 2015Bs ch©šÍ
(A_ev cÖ‡hvR¨ Avw_©K ermi Abyhvqx) 5wU •ÎgvwmK mgvb As‡k (20%)
msi¶‡Yi Hw”QK myweav cÖ`vb Kiv nBj|

960
Z‡e GB mKj myweav †KejgvÎ 31 wW‡m¤^i 2014Bs Zvwi‡L mgvß erm‡i (A_ev cÖ‡hvR¨
Avw_©K ermi Abyhvqx) D™¢yZ cybtg~j¨vqbRwbZ ¶wZi (Abv`vqK…Z) cÖwfk‡bi Rb¨ cÖ‡hvR¨
nB‡e| GKBmv‡_ 2014Bs mv‡ji g~j¨ n«vmRwbZ ¶wZI Gi g‡a¨ AšÍfy³
© nB‡e| ZrcieZx©
mg‡q iw¶Ze¨ cÖwfkb (hw` _v‡K) h_vwbq‡g msi¶Y Kwi‡Z nB‡e| D‡jøL¨ †h, Dc‡iv³
my‡hvMmg~n MÖnY Kwievi d‡j D³ Avw_©K erm‡ii Rb¨ †Kvb ai‡bi bM` jf¨vsk (cash
dividend) cÖ`vb Kiv hvB‡e bv|

(2) gv‡P©›U e¨vsKvit

Securities and Exchange Ordinance, 1969 Gi Section 20A-G cÖ`Ë ¶gZv e‡j
Kwgkb, gv‡P©›U e¨vsKvi mg~‡ni Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z iw¶Ze¨
cÖwfkb (Provision) msi¶‡Yi wb‡gœv³ myweav cÖ`vb Kwij:
K) gv‡P©›U e¨vsKvi mg~n (hvi Rb¨ cÖ‡hvR¨) wbR¯^ †cvU©‡dvwjI‡Z (Own
Portfolio) aviYK…Z †kqv‡ii 31 wW‡m¤^i 2014Bs ZvwiL wfwËK (A_ev cÖ‡hvR¨
Avw_©K ermi Abyhvqx) cybtg~j¨vqbRwbZ Abv`vqK…Z ¶wZi (Unrealized
Loss) wecix‡Z iw¶Ze¨ cÖwfkb (Provision) wW‡m¤^i 2014Bs nB‡Z wW‡m¤^i
2015Bs ch©šÍ (A_ev cÖ‡hvR¨ Avw_©K ermi Abyhvqx) 5wU •ÎgvwmK mgvb As‡k
(20%) msi¶‡Yi Hw”QK myweav cÖ`vb Kiv nBj; Ges

L) gv‡P©›U e¨vsKvi KZ…K

© MÖvnK‡`i AbyK~‡j e›UbK…Z gvwR©b F‡Yi gva¨‡g µqK…Z
†kqv‡ii 31 wW‡m¤^i 2014Bs ZvwiL wfwËK (A_ev cÖ‡hvR¨ Avw_©K ermi
Abyhvqx) cybtg~j¨vqbRwbZ Abv`vqK…Z ¶wZi (Unrealized Loss) wecix‡Z
iw¶Ze¨ cÖwfkb (Provision) wW‡m¤^i 2014Bs nB‡Z wW‡m¤^i 2015Bs ch©šÍ
(A_ev cÖ‡hvR¨ Avw_©K ermi Abyhvqx) 5wU •ÎgvwmK mgvb As‡k (20%)
msi¶‡Yi Hw”QK myweav cÖ`vb Kiv nBj|

Z‡e GB mKj myweav †KejgvÎ 31 wW‡m¤^i 2014Bs Zvwi‡L mgvß erm‡i (A_ev cÖ‡hvR¨
Avw_©K ermi Abyhvqx) D™¢yZ cybtg~j¨vqbRwbZ ¶wZi (Abv`vqK…Z) cÖwfk‡bi Rb¨ cÖ‡hvR¨
nB‡e| GKBmv‡_ 2014Bs mv‡ji g~j¨n«vmRwbZ ¶wZI Gi g‡a¨ AšÍfy³
© nB‡e| ZrcieZx©

961
mg‡q iw¶Ze¨ cÖwfkb (hw` _v‡K) h_vwbq‡g msi¶Y Kwi‡Z nB‡e| D‡jøL¨ †h, Dc‡iv³
my‡hvMmg~n MÖnY Kwievi d‡j D³ Avw_©K erm‡ii Rb¨ †Kvb ai‡bi bM` jf¨vsk (cash
dividend) cÖ`vb Kiv hvB‡e bv|

evsjv‡`k wmwKDwiwUR A¨vÛ G·‡PÄ Kwgk‡bi Av‡`kµ‡g,

Aa¨vcK W. Gg. Lvqiæj †nv‡mb

†Pqvig¨vb

962
 DIRECTIVE

January 25, 2015

No. SEC/CMRRCD/2009-193/167: Whereas, the Bangladesh Securities

and Exchange Commission considers it to be expedient in the interest of
the capital market and the investors in securities, cetain previous directive
on listing as well as trading and settlement of 5 Years Bangladesh
Govt.Treasury Bond and 10 years Bangladesh Govt. Treasury Bond,
should be repealed;

Now, therefore, in exercise of the power conferred by 20A of the

Securities and Exchange Ordinance, 1969 (XVII of 1969), the
Commission hereby repeals its directive No. SEC/CMRRCD/2004-129-
378 dated December 19, 2004.

By order of the Bangladesh Securities and Exchange Commission

Prof. Dr. M. Khairul Hossain

Chairman.

963
No. SEC/CMRRCD/2001-07/168 13 May 2015
ORDER
Whereas, the Bangladesh Securities and Exchange Commission considers
it to be expedient that certain further amendments should be made in the
“Guidelines for Regulating the Share Price Movement in the Stock
Exchange Tradings” in the interest of investors in securities and the capital
market as well;

Now, therefore, in exercise of the power conferred by section 34(4) of the

Securities and Exchange Ordinance, 1969 (XVII of 1969), the Bangladesh
Securities and Exchange Commission hereby directs the Dhaka Stock
Exchange Ltd. and the Chittagong Stock Exchange Ltd. to make the
following further amendments in the said Guidelines, effective from 17
May 2015, namely:-

1. Standard upward and downward price change limits (circuit breaker)-

based on reference price/previous trading day‟s closing price:
Price limits Price change limits
01. Up to Tk. 200 10% (Ten Percent)
02. Above Tk. 200 to Tk. 500 8.75% (Eight Point Seven Five
Percent)
03. Above Tk. 500 to Tk. 1000 7.50% (Seven Point Five Zero
Percent)
04. Above Tk. 1000 to Tk. 2000 6.25% (Six Point Two Five
Percent)
05. Above Tk. 2000 to Tk. 5000 5% (Five Percent)
06. Above Tk. 5000 3.75% (Three Point Seven Five
Percent)

964
This shall replace the previous price change limits.

2. Circuit breaker for any newly listed security:

There will be no circuit breaker for any newly listed security for first 2
(two) consecutive trading days instead of existing 5 (five) consecutive
trading days. Applicable circuit breaker shall be imposed from the 3rd
(third) trading day.

By order of the Bangladesh Securities and Exchange Commission

Prof. Dr. M. Khairul Hossain

Chairman

965
m~Î bs- GmBwm/wmGgAviAviwmwW/2009-193/169 14 ‡g 2015

wb‡`©kbv

Securities and Exchange Ordinance, 1969 Gi 20A avivq cÖ`Ë ¶gZve‡j

evsjv‡`k wmwKDwiwUR A¨vÛ G·‡PÄ Kwgkb, ÷K †eªvKv‡i iw¶Z MÖvnK wnmve cwiPvjbvi
†¶‡Î Bmy¨qvi †Kv¤úvwb A_ev wgDPz¨qvj dvÛ Gi Rb¨ wbgœewY©Z wb‡`©kbv Rvwi Kwij; hvnv
AbwZwej‡¤^ Kvh©Ki nB‡et

K) Bmy¨qvi †Kv¤úvwb A_ev wgDPz¨qvj dvÛ jf¨vsk A_ev fMœvsk †evbvm Gi weµqjä A_©
cÖ`v‡bi †¶‡Î gvwR©b †kªYxfy³ MÖvnK‡`i weI wnmvemg~‡ni jf¨vs‡ki A_© GK‡Î D³
weI wnmvemg~‡ni ZvwjKvmn GKwU †PK ev wWwf‡WÛ Iqv‡i›U Gi gva¨‡g Zvnv‡`i
mswkøó wWwc‡K †cÖiY Kwi‡e| D³ wWwc cieZx©‡Z ZvwjKv Abyhvqx Zvnv mswkøó
wewb‡qvMKvix‡`i wnmv‡e e›Ub Kwi‡e;

L) ÷K †eªvKv‡ii AbygwZ e¨wZZ Zvnvi †Kvb gvwR©b MÖvnK ivBU †kqvi wibvbwm‡qU Kwi‡Z
cvwi‡e bv; Ges

M) GB e¨vcv‡i ÷K †eªvKvi mswkøó Bmy¨qvi †Kv¤úvwb‡K Zvnv‡`i gvwR©b MÖvn‡Ki ZvwjKv

cÖ`vb Kwi‡e|

evsjv‡`k wmwKDwiwUR A¨vÛ G·‡PÄ Kwgk‡bi c‡¶

Aa¨vcK W. Gg. Lvqiæj †nv‡mb

†Pqvig¨vb|

966
No. SEC/CMRRCD/2009-193/172 30 June 2015

DIRECTIVE

The Bangladesh Securities and Exchange Commission (BSEC), in exercise of

the power conferred by section 20A of the Securities and Exchange Ordinance,
1969 (Ordinance No. XVII of 1969), and wewa 81 of the wmwKDwiwUR I G·‡PÄ
Kwgkb (wgDPz¨qvj dvÛ) wewagvjv, 2001 hereby directs all the registered mutual funds
to comply with the following instructions regarding the maintenance of
provision against unrealized losses arising from investment in mutual fund
units:

A. For Closed- end Mutual Funds

1. Mutual Funds need not to maintain any provision when the average cost
price (CP) of a mutual fund is lower than or equal to the fair value (FV)
i.e. CP ≤ FV; or lower than or equal to 85% of the net asset value at
current market price ((NAVcmp) i.e. CP ≤ NAVcmp * 85%); which
one is applicable.

2. If the average cost price (CP) of a mutual fund unit is greater than fair
value (FV) i.e. (CP > FV); or greater than 85% of net asset value
(NAVcmp) at current market price i.e. (CP > NAVcmp * 85%); which
one is applicable, Mutual Funds will have to maintain provision as
following:
a. when FV ≥ NAVcmp * 85%, then -
Required Provision (RP) = Average cost price (CP) - Fair value (FV)

b. when FV < NAVcmp * 85%, then -

Required Provision (RP) = Average cost price (CP) - NAVcmp *
85%.

967
 In order to assess the fair value of the mutual fund the fund shall follow the
BAS, BFRS along with the wmwKDwiwUR I GK‡PÄ Kwgkb (wgDPz¨qvj dvÛ) wewagvjv,
2001.

B. For Open- end Mutual Funds

1. Mutual Funds need not to maintain any provision when the average cost
price (CP) of a mutual fund is lower than or equal to the latest
repurchase price (RP)/ surrender value (SV) of the open end funds.
2. Mutual Funds will maintain provision when the average cost price (CP)
of a mutual fund is greater than the latest repurchase price (RP)/
surrender value (SV) of the open end funds.

i.e. Required Provision (RP) = Average cost price (CP) – Latest Surrender
Value (SV) (i.e. Not over 5% discount of NAVcmp)

Mutual Funds shall have to apply the latest NAVcmp calculated and
disclosed as per wewa 60 of the wmwKDwiwUR I GK‡PÄ Kwgkb (wgDPz¨qvj dvÛ)
wewagvjv, 2001 and disclosed the sale price and repurchase price/surrender
value of the open end funds as per wewa 61 of the wmwKDwiwUR I GK‡PÄ Kwgkb
(wgDPz¨qvj dvÛ) wewagvjv, 2001 and further instructions thereof.

This Directive shall come into effect immediately.

By order of the Bangladesh Securities and Exchange Commission

Prof. Dr. M. Khairul Hossain

Chairman.

968
No. SEC/CMRRCD/2009-193/173 June 30, 2015

ORDER

Further to Order No. SEC/CMRRCD/2009-193/165 dated January 06,

2015, the Bangladesh Securities and Exchange Commission in exercise of
power conferred by section 20A of the Securities and Exchange
Ordinance, 1969 (Ordinance No. XVII of 1969), in the interest of
investors and securities market, hereby extends the suspension period of
effectiveness of rule 3(5) of the Margin Rules, 1999 till December 31,
2015.

By order of the Bangladesh Securities and Exchange Commission

Prof. Dr. M. Khairul Hossain

Chairman.

969