CSE calls for bringing all listed cos under CDS
Star Business Report
The Chittagong Stock Exchange (CSE) has urged the regulators to bring all listed companies under the central depository system (CDS).The second bourse of the country sought the regulators’ permission for dual listing of companies and suggested offloading of government shares through stock exchanges. At a meeting with Securities and Exchange Commission (SEC) Chairman Mirza Azizul Islam, CSE President Habibullah Khan stressed the need for listing of all foreign companies operating in Bangladesh and allowing CSE to have its own rules on netting system as statutory regulatory ordinance. While discussing with CSE members, SEC chief on his first visit to CSE on Sunday emphasised that brokers and dealers of both the bourses should ensure better compliance set by SEC for protection of investors, according to a CSE press statement. The CSE members urged SEC to consider views of market intermediaries before introducing any new law. They demanded prompt initiative of SEC on compliance of listed companies who are not offering much dividend despite having better profit. Later, the SEC chief unfolded cover of two new publications -- a book titled 'CSE 30' and an investors' guide in Bangla. This would provide investors with updated information on listed companies, they said. CSE Vice-president ASM Nayeem was also present.
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