The Bangladesh Securities and Exchange Commission has published a draft amendment to the Securities and Exchange Rules, 2020 and invited comments on proposed changes to how interest earned on bank accounts opened for consolidated customers’ accounts (CCA) is treated for stock brokers and stock dealers. Under the draft, CCA interest would not be allowed to be recognised as income of the stock broker or stock dealer. Net interest income, after adjusting bank charges, would be allocated so that 25% is transferred to the Investors’ Protection Fund of the relevant exchange(s) within 30 days after the end of each financial year, and 75% is spent on investor education and awareness programmes related to investment. The expenditure and programme details would be reported to the relevant exchange and the Commission quarterly within 10 days after the end of each quarter, and the draft text states that the amendment would have immediate effect. The Commission requested stakeholders to submit opinions, suggestions or objections within two weeks.
Bangladesh Securities & Exchange Commission 2025-04-24
Bangladesh Securities and Exchange Commission consults on requiring consolidated customer account interest to be channelled to investor protection and education
The Bangladesh Securities and Exchange Commission proposed amendments to the Securities and Exchange Rules, 2020, regarding interest on consolidated customers’ accounts for stock brokers and dealers. The draft mandates 25% of net interest income go to the Investors’ Protection Fund and 75% to investor education, with quarterly reporting to the exchange and Commission. Stakeholders are invited to provide feedback.