The Bangladesh Securities and Exchange Commission (BSEC) has decided to allow the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) to independently determine and implement market control parametres, including circuit breaker limits, in line with relevant regulations, policies and operational requirements.
The decision was taken at the commission's 1018th meeting held on Wednesday, chaired by BSEC Chairman Masud Khan.
As the stock exchanges have the regulatory authority to fix and enforce such market control parametres under their respective regulations, the commission decided to direct DSE and CSE to independently set and implement these standards.
In line with the decision, the commission repealed its earlier order, issued on June 17, 2021 on the matter.
In another decision, the commission said asset management companies may, upon proposal, be allowed to reinvest the income earned by close-ended mutual funds at the end of a fiscal year without distributing it as dividends, if such a move serves the interest of investors and the capital market.
The decisions were taken considering the operational efficiency of the stock exchanges and the interests of investors and the capital market, according to a press release said.