The move is taken to check insider trading after board meeting that recommends dividend and financial incentives prior to annual general meeting that gives approval to the dividend recommendation, a Securities and Exchange Commission (SEC) source said.

The capital market regulator will seek shareholders' opinion to amend relevant regulations required to stop the insider trading before corporate disclosure, the source added.

It was seen in the past that company insiders traded huge amount of shares based on the information of corporate disclosure which makes the market unstable.

At a meeting yesterday the commission also decided to withdraw trading embargo on Haji Mohammad Ali and Co.

The capital market watchdog earlier on April 20 asked the Dhaka Stock Exchange to stop trade facility to the brokerage house for its involvement in a 'mysterious' transactions by an Uttara Bank director.

The sponsor director placed a check of Tk 2 crore but it was found that the account has only Tk 2 lakh for buying of the share.

SEC formed to investigate the transaction submit its interim report to the commission and will submit its final report by one month, a high official of SEC said after the commission meeting presided over by its Chairman Mirza Azizul Islam.