Written by The Banking Post
The Bangladesh Securities and Exchange Commission (BSEC) has clarified that its draft Margin Rules are yet to be finalised and will only be approved after receiving public opinion.
The statement came Sunday amid criticism from market operators who claimed the rules had already been enforced.
“The issues of good governance and proper management of margin financing have been considered while formulating the draft rules to reduce the existing risks in debt management,” the BSEC said.
BSEC spokesperson Md. Abul Kalam noted that confusion spread in the market after the draft was published. “Many have said the rules have already been finalised, although it’s not true. Public opinions and objections, if any, are sought before finalising any draft rules,” he said.
The draft Margin Rules were approved at a commission meeting on August 12 based on recommendations from a capital market taskforce. The draft has since been published on the BSEC website and in national newspapers for feedback.
The regulator said the final version will incorporate necessary inclusions, exclusions, or changes before being notified in the government gazette.
