FE Report
The country's premier bourse Wednesday placed a number of proposals
including the reduction of fee charged by Central Depository Bangladesh
Limited (CDBL) and tax holiday facility for the exchange to the
securities regulator, officials said.
Dhaka Stock Exchange (DSE) made the proposals at a meeting held with the Bangladesh Securities and Exchange Commission (BSEC).
The ongoing market situation was also discussed at the meeting chaired by the BSEC chairman professor M Khairul Hossain.
Mohammad Saifur Rahman, a BSEC executive director and spokesperson, said at the meeting the issue of calculating the bank's exposure to the capital market was also discussed along with other proposals made by the premier bourse.
"The securities regulator time to time sits with the central bank. The regulator and the bourses can sit with the central bank in order to clear the calculation of exposure limit if it requires," Rahman said.
According to the meeting participants, the other proposals which were discussed at Wednesday's meeting are: the implementation of new IPO (initial public offering) application process, the opening of new branches of brokerage firms and quota facility for stock dealers in the IPO.
At the meeting both the DSE and the securities regulator have discussed the possible investment scopes for merchant banks and stock brokers.
The premier bourse has proposed to reduce the fee charged by CDBL as the cost of business of stock brokers increased.
In this regard, the securities regulator said the charge of CDBL can be reduced following the fees charged in the sub-continents.
Following the demand of opening new branches the BSEC said the newly started brokerage firms can be allowed to open a branch.
The securities regulator made the submission of applications for IPOs mandatory through the brokerage firms from April 1 next.
In this regard, the BSEC chairman Prof Khairul said the regulator has a plan to complete the whole IPO process including the distribution of refund warrants within 25 days.
The securities regulator said presently there is no possibility of allowing stock dealers to avail the quota facility in the public offering of the companies.
The DSE brokers have also sought the opportunity of realising the clients' bonus dividends through their own portfolios.
The stocks brokers are now unable to recover the margin loans provided to their clients. But the bonus dividends of those borrower clients are deposited into their own bank accounts.
Merchant banks are receiving the bonus dividends of their clients, who are not repaying margin loans through their own accounts.
mufazzal.fe@gmail.com
Dhaka Stock Exchange (DSE) made the proposals at a meeting held with the Bangladesh Securities and Exchange Commission (BSEC).
The ongoing market situation was also discussed at the meeting chaired by the BSEC chairman professor M Khairul Hossain.
Mohammad Saifur Rahman, a BSEC executive director and spokesperson, said at the meeting the issue of calculating the bank's exposure to the capital market was also discussed along with other proposals made by the premier bourse.
"The securities regulator time to time sits with the central bank. The regulator and the bourses can sit with the central bank in order to clear the calculation of exposure limit if it requires," Rahman said.
According to the meeting participants, the other proposals which were discussed at Wednesday's meeting are: the implementation of new IPO (initial public offering) application process, the opening of new branches of brokerage firms and quota facility for stock dealers in the IPO.
At the meeting both the DSE and the securities regulator have discussed the possible investment scopes for merchant banks and stock brokers.
The premier bourse has proposed to reduce the fee charged by CDBL as the cost of business of stock brokers increased.
In this regard, the securities regulator said the charge of CDBL can be reduced following the fees charged in the sub-continents.
Following the demand of opening new branches the BSEC said the newly started brokerage firms can be allowed to open a branch.
The securities regulator made the submission of applications for IPOs mandatory through the brokerage firms from April 1 next.
In this regard, the BSEC chairman Prof Khairul said the regulator has a plan to complete the whole IPO process including the distribution of refund warrants within 25 days.
The securities regulator said presently there is no possibility of allowing stock dealers to avail the quota facility in the public offering of the companies.
The DSE brokers have also sought the opportunity of realising the clients' bonus dividends through their own portfolios.
The stocks brokers are now unable to recover the margin loans provided to their clients. But the bonus dividends of those borrower clients are deposited into their own bank accounts.
Merchant banks are receiving the bonus dividends of their clients, who are not repaying margin loans through their own accounts.
mufazzal.fe@gmail.com
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