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News & Events of PBSL

24-May-2015
IPO Application Form (A4)

20-Feb-2014
Notice for change Margin Loan Ratio

28-Nov-2013
Notice for Fund Withdrawal in Margin Account

03-Nov-2013
Notice for Affected Investors

19-Jun-2013
Notice for maintaining minimum purchase power in Margin Account

Daily Business News All Daily Business News
07 May 2014
SEC wants special 20pc quota in IPOs till June 2015

The Bangladesh Securities and Exchange Commission (SEC) on Tuesday decided to send a proposal to the Finance Ministry to extend the time for special 20 per cent quota in all IPOs for the affected small investors by one year till June 2015. The decision was taken at the Commission’s meeting held with its chairman Prof Dr M Khairul Hossain in the chair, reports UNB. The small investors will enjoy a 20-per cent quota in all initial public offerings (IPOs) -- government and private—to be issued till then. This is the second time the SEC has taken the decision to extend the time.

In 2012, the government decided that the small investors who lost money to stockmarket downswings in 2011 would get IPO quota until December 2013 and later it was extended till June 2014. On November 22, 2011, the SEC unveiled a 21-point market stabilisation package, including a special scheme on compensating the retail investors. A committee formed by the SEC to explore ways to go about with the compensation presented the recommendations. The committee defined the affected investors as those who incurred losses on their deposits of Tk 10 lakh or less in beneficiary owner’s accounts.

On February 22, 2012, a government committee led by Investment Corporation of Bangladesh Managing Director Md Fayekuzzaman came up with various recommendations, including waiver of interests. According to the committee, the adversely affected small investors are those deposited Tk 10 lakh or less of their own money in beneficiary owners (BO) accounts and incurred losses.

Source :: The Independent