2019-05-23: BSEC Directive regarding block of securities

BSEC NEWS: BSEC issued a Directive No. BSEC/CMRRCD/2009-193/216 dated May 15, 2019 regarding implementing the Block Module of CDS (Central Depository System) of CDBL (Central Depository Bangladesh Limited) for the listed securities. In this connection, Block securities of the respective listed companies and listed mutual funds shall be held in the BO accounts of the sponsor shareholders or sponsor unit holders, directors and placement holders through the mentioned block module. All the Sponsors, Directors and Placement Holders of all the Listed Securities are requested to submit any Sale or Buy declarations after complying with the conditions of the aforementioned Directive accordingly. This Directive shall have immediate effect.