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The Financial Express

DSE for allowing TREC to firm having minimum 100m paid-up capital

| Updated: July 16, 2020 09:53:54


DSE for allowing TREC to firm having minimum 100m paid-up capital

Dhaka Stock Exchange (DSE) has recommended allowing a trading right entitlement certificate (TREC) to a company having a paid-up capital of Tk 100 million.

It also recommended a registration fee of Tk 20 million and an application form fee of Tk 1.0 million for a new TREC to be issued by a stock exchange.

The premier bourse made such recommendations on Bangladesh Securities and Exchange Commission (BSEC)’s draft Trading Right Entitlement Certificate (TREC) Rules, 2020.

The DSE’s recommendations, which were finalised at a board meeting on Thursday, will be sent to the BSEC.

In the draft rules, the securities regulator has proposed a paid-up capital of Tk 30 million for a company willing to get a stock exchange’s TREC.

Besides, the draft TREC rules have proposed a registration fee of Tk 0.5 million and application form fee of Tk 0.1 million.

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