Country’s two Stock Exchanges recently introduced new listing regulations. The new regulation will be known as Dhaka Stock Exchange (Listing) Regulations, 2015 and Chittagong Stock Exchange (Listing) Regulations, 2015.
Both the regulations of (DSE and CSE) have almost similar terms and conditions. Under the new regulations, any public offer must be approved by the Exchange first. Exchange will review the application and may require additional disclosure, information, documents, certification or clarification. Once satisfied, the Exchange will submit its recommendation to Bangladesh Security Exchange Commission for their approval.
The new regulations will allow DSE and CSE to oversee the post listing continuous compliance requirements.
Other regulations such as listing and annual fees for equity securities, mutual fund and debt securities, requirement on having of official website of the issuer of listed securities and minimum content of the website, prohibition on false and misleading information and Publicly Listed Companies membership requirement will be monitored.
DSE and CSE will have the authority to make queries on unusual movement in price of securities, voluntary de-listing of securities and inspect.
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