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The Bangladesh Securities and Exchange Commission (BSEC) on Sunday clarified that the draft of Margin Rules will only be finalised after receiving public opinion.
The clarification comes amid criticism from market operators who alleged the rules had already been finalised.
The BSEC, however, said that the draft was approved considering the safety of all types of investors.
"The issues of good governance and proper management of margin financing have been considered while formulating the draft rules to reduce the existing risks in debt management," the regulator said in a statement.
Contacted, BSEC spokesperson Md. Abul Kalam said confusion has spread in the market following the publication of the draft.
Many have said the rules have already been finalised by the regulator, although it's not true, he added.
"As part of the regulatory process, public opinions and objections, if any, are sought before finalising any draft rules," he said, adding that the final version will incorporate necessary inclusions, exclusions, or innovations before being published via gazette notification.
The BSEC approved the draft Margin Rules in a commission meeting held on August 12, based on recommendations from a capital market taskforce.
The draft has since been made available on the BSEC website and in national newspapers to invite public feedback.
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