FE Report-5th October'2010 Tuesday
The Securities and Exchange Commission (SEC) has asked the stock brokers and merchant bankers to submit everyday the details of each of their clients doing daily transactions worth Tk 10.0 million and above.
The SEC took this decision Monday in a move to rein in the overheated market.
The SEC sent letters to stock brokers and merchant bankers to comply with the regulator's new order regarding the submission of investors' documents.
As per the SEC's order, the stock brokers and merchant bankers at the end of each trading day will submit their clients' documents on trading in shares worth Tk 10.0 million and above to the SEC on regular basis.
The new order came into effect from Monday.
However, the stock brokers and merchant bankers will have to prepare investors' documents following the copy of buy or sale order, BO-ISIN holding report of dealers' account, financial ledger of last one week, dealers' bank statement of last one month, portfolio statement and trade summary report of past one week.
The Securities and Exchange Commission (SEC) has asked the stock brokers and merchant bankers to submit everyday the details of each of their clients doing daily transactions worth Tk 10.0 million and above.
The SEC took this decision Monday in a move to rein in the overheated market.
The SEC sent letters to stock brokers and merchant bankers to comply with the regulator's new order regarding the submission of investors' documents.
As per the SEC's order, the stock brokers and merchant bankers at the end of each trading day will submit their clients' documents on trading in shares worth Tk 10.0 million and above to the SEC on regular basis.
The new order came into effect from Monday.
However, the stock brokers and merchant bankers will have to prepare investors' documents following the copy of buy or sale order, BO-ISIN holding report of dealers' account, financial ledger of last one week, dealers' bank statement of last one month, portfolio statement and trade summary report of past one week.
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