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SEC raises renewal fee of beneficiary ownersÔÇÖ accounts

Staff Correspondent |
Update: 2010-06-28 23:25:52

DHAKA: The Securities and Exchange Commission, the regulating body of the share markets, decided to raise the renewal fee of beneficiary owners (BO) accounts from Tk 300 to 500 with effect from July 1.

Officials said the decision was taken Tuesday at a commission meeting.

Executive Director of the SEC Anwar Kabir told that the investors had to pay Tk 300 to brokerage houses annually for renewal of their BO accounts. “For this reason, the fee has been increased to Tk 500 from 300.”

The SEC and the government used get Tk 50 each from the total fee while Tk 100 used to go to Central Depository Bangladesh Limited (CDBL) and as much to brokerage houses.
Now the government will get Tk 200 and Tk 50 will go to the SEC. Now the CDBL and the brokerage houses each will get Tk 100 in their share.

BDST/1749, June 29, 2010

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