SEC Annual Report,2000-2001 

REGISTRATION
    Registration of Stock Dealer/Broker: 

    The Commission accorded Stock Dealer Registration Certificates to M/S. Equity Partners Securities Ltd., Membership No. 11 of Dhaka Stock Exchange and M/S. Holy City Securities Ltd.,  Membership No. 93 of Chittagong Stock Exchange respectively.
     
    The Commission accorded the following Stock Broker Registration Certificate of Chittagong Stock Exchange during the period January 2001-March 2001:
     

    Sl No
    Name of the Dealer
    Membership No
    Registered as
    Issue Date
    1 United Financial Trading Co Ltd.
    43
    Broker
         29.01.2001
    2 AAA Securities Management Ltd.
    27
    Broker
    18.02.2001
    3 Equity Partners Ltd.
    13
    Broker
    19.03.2001

    Renewal of Stock Dealer/Broker of Dhaka Stock Exchange and Chittagong Stock Exchange:  

    Registration Certificate of 237 members of Dhaka Stock Exchange and 51 members of Chittagong Stock Exchange were renewed during the period July 2000 - June 2001. 

    Registration of Merchant Banker & Portfolio Manager: 
    The Commission accorded 4 (Four)-Merchant Banker & Portfolio Manager Registration Certificate as below:
     

    SL No.
    Name and Address
    Certificate Issue Date
    Function
    01 M/S. First Securities Services Ltd. 15, Dilkusha C/A(4th Floor), Dhaka-1000 10.07.2000 Only Issue Manager
    02 M/S. Equity Partners Ltd. 1003, Dhaka Stock Exchange Annex Building (9th Floor), 9/E Motijeel C/A, Dhaka-1000 25.09.2000 Full-fledged Merchant Banker
    03. Prime Bank Ltd. Head Office, Adamjee Court Annx Building No-2, 119-120 Motijheel C/A, Dhaka-1000 29.03.2001 Full-fledged Merchant Banker
    04. Arab-Bangladesh Bank Ltd. BCIC Bhaban 30-31 Dilkusha C/A Dhaka-1000 15.05.2001 Full fledged Merchant Bank
    Cancellation of Registration Certificate of Stock Dealer:

    During the period, the following stock exchange member’s registration were cancelled.
     
     

    Name of the Dealer
    Stock Exchange
    Membership No
    T.Masfu & Co Dhaka 59
    Securities Promotion and Management Ltd. Dhaka 146
    J.R. Capital and Management Ltd. Dhaka 107
    Karnaphuli Securities Consultants Ltd. Chittagong 64

    Cancellation of registration certificate of issue manger and underwriter:

    During the period, the Commission has cancelled the registration certificate of Satcom Securities & Management Ltd. (issue manger and underwriter).

    Exemption to act as merchant banker/ portfolio manager: 

    Exemption was granted to Investment Corporation of Bangladesh (ICB) and Bangladesh Shilpa Rin Sangstha (BSRS) under Section 23 of Securities and Exchange Commission Act, 1993 from the provision of Section 10(1) of the said Act to operate as a merchant banker and portfolio manager without obtaining registration certificate from the Commission up to 31st December 2000. 

    Exemption to act as underwriter:

    Exemption was granted to Investment Corporation of Bangladesh [ICB] and Bangladesh Shilpa Rin Sangstha (BSRS), all schedule commercial banks and insurance companies under Section 23 of Securities and Exchange Commission Act, 1993 from the provision of Section 10(1) of the said Act to operate as a Issue Manager without obtaining Registration Certificate from the Commission until further order. 

    Securities and Exchange Commission (Stock Dealer, Stock Broker and Authorized Representative) Rules 2000:
    Securities and Exchange Commission (Stock Dealer, Stock Broker and Sub Broker) Regulations 1994 has been replaced by Securities and Exchange Commission (Stock Dealer, Stock Broker and Authorized Representative) Rules, 2000.
     On 29th November 2000 the Commission published wmwKDwiwUR I G·‡PÄ Kwgkb (óK-wWjvi, óK-‡eªvKvi I Aby‡gvw`Z cÖwZwbwa) wewagvjv, 2000 in the Official Gazette.

    Letter of Intent (LOI) issued in favor of newly formed subsidiaries of ICB. The names of the three subsidiaries are as follows:

    ICB Capital Management Limited  - Merchant Banker & Portfolio Manager
    ICB Asset Management Company Limited - Asset Management Company 
    ICB Securities Trading Company Limited - Stock Dealer/Broker 

    Mutual Fund: 
     During the period, The Commission accorded approval to AIMS of Bangladesh Ltd., and Standard Chartered Bank to act as asset management company, and custodian of “Grameen Mutual Fund One”.

    Securities and Exchange Commission (Mutual Fund) Rules, 2001:
    Securities and Exchange Commission (Mutual Fund) Rule, 2001 has been sent to BG press for publishing in the national gazette on 6th June, 2001.