The Bangladesh Securities and Exchange Commission (BSEC) on Tuesday approved a series of significant policy and market development measures, including a draft amendment to the Margin Rules, the first Initial Qualified Investor Offer (IQIO) under the new commission, and the introduction of intraday trading through script netting.
The decisions were taken at the commission's 1,020th meeting, chaired by BSEC Chairman Masud Khan.
Among the key decisions, the commission approved the draft amendment to the Bangladesh Securities and Exchange Commission (Margin) Rules, 2025, which will soon be published on the commission’s website and in newspapers for public consultation before finalisation.
In another major decision, the regulator approved Royal Footwear’s proposal to raise Tk 120 million through a Qualified Investor Offer (QIO) by issuing 12 million ordinary shares at a face value of Tk 10 each to qualified investors.
The issue marks the first QIO approval under the Masud Khan-led BSEC commission, signalling the regulator’s intention to encourage alternative fundraising avenues for eligible companies.
Royal Footwear, a 100 per cent export-oriented footwear manufacturer, supplies shoes to international buyers, including the well-known US retailer ROSS. The company plans to utilise the proceeds to repay bank loans, purchase raw materials and spare parts, and meet issue-related expenses.
According to its audited financial statements as of December 31, 2025, the company’s net asset value (NAV) stood at Tk 27.54 per share with revaluation and Tk 15.74 without revaluation, while its half-year earnings per share (EPS) was Tk 0.82.
Prime Bank Investment has been appointed as the issue manager, while Prime Bank Investment and EC Securities will act as underwriters.
The commission also formally allowed the country's two stock exchanges to introduce scrip netting, or intraday trading, subject to putting in place all necessary operational, technological and risk management arrangements.
The move is expected to enhance market liquidity, improve price discovery and increase trading efficiency by allowing investors to buy and sell the same security within a single trading session.
In another decision, the regulator approved the proposal to wind up Vanguard AML BD Finance Mutual Fund One following the expiry of its 10-year tenure.
The proposal was submitted by the fund's trustee, Bangladesh General Insurance Company, in accordance with regulatory provisions. The mutual fund has a total unit capital of Tk 1.04 billion, with a face value of Tk 10 per unit. The fund is managed by Vanguard Asset Management.
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