ABOUT CSE

BACKGROUND

The Chittagong Stock Exchange (CSE) began its journey in 10th October of 1995 from Chittagong City through the cry-out trading system with the promise to create a state-of-the art bourse in the country.

Founder members of the proposed Chittagong Stock Exchange approached the Bangladesh Government in January 1995 and obtained the permission of the Securities and Exchange Commission on February 12, 1995 for establishing the country's second stock exchange. The Exchange comprised of twelve Board members, presided by Mr. Amir Khosru Mahmud Chowdhury (MP) and run by an independent secretariat from the very first day of its inception. [Top]

CSE was formally opened by then Hon'ble Prime Minister of Bangladesh on November 4, 1995. [Top]

MISSION

The Chittagong Stock Exchange believes that a dynamic, automated, transparent stock exchange is needed in Bangladesh. It works towards an effective, efficient and transparent market of international standard to serve and invest in Bangladesh in order to facilitate the competent entrepreneurs to raise capital and accelerate industrial growth for overall benefit of the economy and keep pace with the global advancements. [Top]

OBJECTIVES

• Develop a strong platform for entrepreneurs raising capital;

• Provide a fully automated trading system with most modern amenities to ensure: quick, easy, accurate transactions and easily accessible to all;

• Undertake any business relating to the Stock Exchange, such as a clearing house, securities depository center or similar activities;

• Develop a professional service culture through mandatory corporate membership;

• Provide an investment opportunity for small and large investors;

• Attract non-resident Bangladeshis to invest in Bangladesh stock market;

• Collect preserve and disseminate data and information on stock exchange;

• Develop a research cell for analyzing status of the market and economy. [Top]

MILESTONES

LEGAL BASIS OF CSE

As legal entity CSE is a not-for-profit public limited company. All of its 129 members are corporate bodies. It has a separate secretariat independent of policymaking Board. The Board comprises of brokers and non-brokers directors with equal proportion to ensure the transparency.

The Board constituted Committees to delegate such functions and authority as it may deem fit. There is an independent secretariat headed by a full time Chief Executive Officer. CSE activities are regulated by it’s own regulations and bye laws along with the rules, orders and notification of the SEC.

REGULATORY STRUCTURE OVERVIEW

ORGANISATION STRUCTURE

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BOARDS OF DIRECTORS

Board of Directors Chittagong Stock Exchange Ltd. (CSE) has a policymaking Body of 24 members, of whom 12 are elected and 12 are non elected. This Board comprises of one President, three Vice Presidents and 19 Directors. There is an independent secretariat headed by a Chief Executive Officer (CEO).

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MANAGEMENT TEAM

Chief Executive Officer:

The CEO is responsible for implementing the decisions of the Board, the day to day running of the exchange and formulating strategic plans for agreement with the board.

Following are the functions of the CEO and the various Departments of CSE:

Systems: The Systems Department carries out the following functions:

• deal with user queries
• manage communication network
• manage information technology developments and suppliers
• manage internal information technology awareness
• manage trading and operate Vista Settlement System
• maintain masterfile
• print daily reports and produce statistics
• support internal users and setup and train new system users

Clearing, Settlement & Dp: This department is responsible for:

• delivering cheques and shares to members
• file and withdraw stock from vault
• deal with bad delivery procedures
• manage security receive shares from members
• opening of BO accounts and provide other depository services

Market Operations: This department carries out the following functions:

• monitor public information
• monitor, receive and disseminate regular company information
• on-line surveillance
• inspection visits to members
• receive and disseminate price sensitive company information
• receive and manage investor complaints
• receive and manage other complaints
• manage and monitor OTC facilities

Listing, Marketing & Education: This department is responsible for the following:

• arrange training
• ad hoc legal problems
• liaison with Securities and Exchange Commission
• maintain master organogram
• maintain personnel files and staff list
• monitor and record leave requests and leave taken
• monitor rules and regulations
• monitor, receive and disseminate regular company information
• respond to requests for information, members queries and complaints

Finance & Administration: This department is responsible for the following:

1. Conducting statutory and management meetings of the company and provide secretarial services relating thereto
2. Prepare Annual and periodic Financial Statements
3. Prepare Budgets and monitor the income and expenditure with the budget
4. Controlling banking operations of the company
5. Keeping inventory of the assets of the company
6. Managing financial settlement of the trading operations
7.  Provide MIS to concerned departments
8. Payments to different party bills after due verification
9. Preparation of payroll of confirmed and casual staff
10. Compliance of taxation rules and policies including withholdings, payments  and filing of tax returns and documents
11. Issuing certificates to brokers and other authorities
12. Maintaining IPF(Investors Protection Fund) Accounts
13. Oversee the development activities of the Exchange including acquisition and development of properties, schedule payments and coordinate associated activities
14. Providing support  to develop and implement corporate strategies, mission and vision

Research, Corporate Development & Information:

This department carries out the following functions:

• maintain library contents
• press cuttings and press relations
• produce portfolio and other CSE publications
• public relations
• investor's information cell

MANAGEMENT TEAM LIST

1. Dr. Mohammed Abdullah Mamun
   CEO
2. Mr. Atiquzzaman
   GM and Head Market Operation, Listing, Marketing & Education
3. Mr. Ahmad Dawood
   Head of Finance & Company Secretary [Top]

CSE HOLIDAYS LIST:

CSE HOLIDAYS LIST FOR THE YEAR 2010

© 2000-2007 Chittagong Stock Exchange Limited All rights reserved
CSE Building, 1080, Sk. Mujib Road, Agrabad, Chittagong, Bangladesh
Tel:+88(0) 31-714632-3, +88(0) 31-720871 Fax: +88(0) 31-714101
Web Site- URL: http://www.cse.com.bd E-mail: info@cse.com.bd

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