Demutualisation Scheme
DSE to urge BSEC to up brokers in board
The Dhaka Stock Exchange has decided to propose that the Bangladesh Securities and Exchange Commission should increase the number of representatives of member-brokers in the bourse’s board once it is demutualised. The bourse made the decision at a board meeting on Tuesday, DSE sources said. On September 10, the BSEC finalised the demutualisation schemes of the Dhaka and Chittagong stock exchanges, keeping four posts for the member-brokers in the boards of the bourses.
The capital market regulator also set the board size of the bourses at 13 members.
The commission, however, decided to issue directive regarding the schemes to the bourses by September 29 after hearing the DSE and the CSE in September 24-25.
-With New Age input