Body on spl scheme for small investors meets

FE Report The committee on formulation of a special scheme for the affected small investors, in its first meeting Monday, has discussed the possible ways of correctly identifying the small investors, and it is likely to seek fresh information from the brokerage houses in this regard, officials said. The move comes after the Ministry of Finance (MoF) on November 28 formed a six-member committee, headed by ICB managing director Md Fayekuzzaman, in line with the SEC-declared stock market rejuvenation package. The meeting was held at the ICB (Investment Corporation of Bangladesh) Head Office, where other committee members, including the Securities and Exchange Commission (SEC) executive director Mohammad Saifur Rahman, and chief executive officers of the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) were present. "No specific decision was taken at Monday's meeting. The committee has discussed the ways of identifying the small investors, mostly affected in the recent share market debacle," the SEC executive director said. However, CSE chief executive officer Sayed Sajid Husain said the committee has discussed about the definition of small investor, and decided to seek fresh information on the investors from the brokerage houses. "The committee will take final decision after analysing the fresh data," he added.