BSEC at loggerheads with BB, DSE
Staff Correspondent
17th December, 2020 09:08:00
In a letter to the Dhaka Stock Exchange on December 17th, the Bangladesh Securities Exchange Commission took a controversial stand against Bangladesh Bank and the Dhaka Stock Exchange.
The letter issued to the Chief Executive Officer of the Dhaka Stock Exchange and its Directors attempted to halt the approval of the infrastructure company Best Holding Limited direct listing while questioning the authority of the DSE to exercise its power in such an instance.
Direct listing is a process that is regulated by the Dhaka and Chittagong Stock Exchange Listing Rules where the Exchanges have themselves been given the authority to grant exemptions or modify the rules on a case by case basis.
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