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The Depository Regulation, 2000 requires that the sponsors of any depository are:
- a financial institution;
- a bank;
- a stock exchange;
- a body corporate established or formed under any law;
- a company listed with any stock exchange; or
- any other national or international institution specified by the commission.
Accordingly the stake holders of CDBL, numbering over 103 institutions, are :
- Nationalised Commercial Banks;
- Private Commercial Banks
- Foreign Commercial Banks;
- Insurance Companies;
- Dhaka Stock Exchange;
- Chittagong Stock Exchange;
- Investment Corporation of Bangladesh;
- Listed Companies; and
- the Asian Development Bank.
This wide spread of ownership demonstrates the support of the financial market in Bangladesh for the development of a Central Depository System (CDS). |
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