BSEC's Directive for blocking the securities of Sponsors /Directors/Placement holders

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According to the directive of Bangladesh Securities and Exchange Commission (BSEC) under reference no. BSEC/CMRRCD/2009-1931216 dated 15 May 2019 all the Listed Companies and Asset Managers are required to block securities of their respective Company / Mutual Fund held in the BO Accounts of their Sponsors/ Directors/ Placement share/unit holders through the 'BLOCK' module of Central Depository System (CDS) of Central Depository Bangladesh Limited (CDBL) with immediate effect.
ln this connection please be informed that the BLOCK Module has already been deployed in Central Depository System (CDS) and is now ready for blocking the concerned securities. CDBL has already provided training on the functionalities and operation of the Block Module to the concerned persons of your Company.

To view BSEC's press release regarding this, click here

Last edited on: 21 May, 2019