Dhaka, Bangladesh (BBN)- The Securities and Exchange Commission (SEC) has asked the stock brokers and merchant bankers to submit everyday the details of each of their clients doing daily transactions worth BDT 10.0 million and above.
The SEC sent letters to stock brokers and merchant bankers to comply with the regulator's new order regarding the submission of investors' documents.
The SEC has taken the latest move to rein in the overheated market.
The stock brokers and merchant bankers will have to prepare investors' documents following the copy of buy or sale order, BO-ISIN holding report of dealers' account, financial ledger of last one week, dealers' bank statement of last one month, portfolio statement and trade summary report of past one week.
BBN/SSR/AD-04Oct10-11:59 pm (BST)